Trade Ideas
UOA PRO New Trade Idea TRMB 8-4
7,500 21August 65 calls bought in one order for 0.85-1.00 above open interest of 458 contracts. EPS 08/05 before open. Stock 59.53-59.61.
New Trade Idea
Ticker: TRMB
Stock: 59.61
Trigger: 59.86
Targets/Resistance: 61.05, 63.32, 65.21, 67.14
Expiration Date: 21AUG
UOA: 7,500 21August 65 calls bought in one order for 0.85-1.00 above open interest of 458 contracts. EPS 08/05 before open. Stock 59.53-59.61.
TRMB $59.78 Last.
Large OTM call buy just in front of the EPS release. This is one for quick “dot connectors” that have positive stock reaction justification. Potential is there on the charts for sure and we’re squeezing higher in the market.
Trigger: $59.86 today’s current hight but some may simply want to “be in” a postition regardles off the trigger level.
Strategy 1: Consider the TRMB 21Aug. 60.00 calls for $3.00 projected at trigger level today. Bid-Ask looks a little sketchy and there’s not much to work with in this book so one really has to like being involved here to be involved here.
Targets: 61.05, 63.32, 65.21, 67.14