Trade Ideas
UOA PRO New Trade Idea SHEL 8-7
10,000 21August 95 calls bought in one order for 0.15-0.17 above open interest of 524 contracts. Stock 88.69-88.93.
New Trade Idea
Ticker: SHEL
Stock: 88.99
Trigger: 89.60
Targets/Resistance: 92.03, 93.00, 94.15, 94.90
Expiration Date: 21AUG
UOA: 10,000 21August 95 calls bought in one order for 0.15-0.17 above open interest of 524 contracts. Stock 88.69-88.93.
SHEL $89.00 Last.
Large front month OTM call buy of $ cheaps. Stock is NOT typically a Big Mover. Charts are good on balance and will be better if some momentum develops soon as that will keep it > all SMAs. SMAs now all risiing again so in most cases it finds support and tries to lift again but GEPOL news could clearly shift this quickly in either direction.
Trigger: $89.60.
Strategy 1: Consider the SHEL 21Aug. 88.00 calls for $2.25 projected at trigger level today.
Targets: 92.03, 93.00., 94.15, 94.90