UOA PRO New Trade Idea TSCO 8-12

New Trade Idea

Ticker: TSCO
Stock: 35.92
Trigger: 36.47
Expiration Date: 21AUG

UOA: 5,000 21August 37 calls bought in one order for 0.40-0.45 above open interest of 1,342 contracts. Stock 35.91-35.92.

TSCO $36.35 Last.

Front Month slightly OTM call buy. Charts keep improving. Market has treaded water for 5 to 6 sessions but has yet to crack or breakout. Energy stored. A squeeze could develop towards the 150.

Trigger: $36.47.

Strategy 1: Consider the TSCO 21Aug. 35.00 calls for $1.80 projected at trigger level today.

Targets: 37.31, 38.18, 39.28, 40.35, 41.31