Trade Ideas
UOA PRO New Trade Idea STM 8-6
6,353 14August 57 calls bought for 0.96 to 1.01 above open interest of 61 contracts; 6,353 14August 59 calls sold for 0.57-0.56 above open interest of 43 contracts. Stock 53.88-54.05.
New Trade Idea
Ticker: STM
Stock: 53.88
Trigger: 55.38
Targets/Resistance: 57.10, 58.56, 60.12, 61.37, 64.38, 67.45
Expiration Date: 14AUG
UOA: 6,353 14August 57 calls bought for 0.96 to 1.01 above open interest of 61 contracts; 6,353 14August 59 calls sold for 0.57-0.56 above open interest of 43 contracts. Stock 53.88-54.05.
STM $53.87 Last.
Sizeable OTM call vertical a week out. Had been under heavy selling pressure but has been trying to lift off the rising 150 for over a week.
Trigger: $55.38, 15 SMA currently.
Strategy 1: Consider the STM 14Aug. 56.00 calls for $1.90 projected at trigger level today.
Targets: 57.10 (100 SMA currently), 58.56 (20 SMA currently), 60.12, 61.37, 64.38, 67.45 (50 SMA currently)