Trade Ideas
UOA PRO New Trade Idea SPCX 8-11
6,000 16October 180 calls bought in one order for 5.80-5.85 above open interest of 2,908 contracts. Stock 135.03-135.17.
New Trade Idea
Ticker: SPCX
Stock: 135.68
Trigger: 139.98
Expiration Date: 04SEP
UOA: 6,000 16October 180 calls bought in one order for 5.80-5.85 above open interest of 2,908 contracts. Stock 135.03-135.17.
SPCX $136.19 Last.
Large Oct. set OTM call buy. After getting crushed for about 6 weeks, SPCX is trying to lift up through resistance. Should the Gang get the Squeeze going here in a market doing the same, there could be strong poppage.
Trigger: $139.98, today’s current high.
Strategy 1: Consider the SPCX 04Sept. 140.00-170.00 call spread for $8.00 projected at trigger level today. Uncappable.
Targets: 148.30, 152.16, 157.54, 162.00, 170.86