Trade Ideas
UOA PRO New Trade Idea TTWO 7-30
4,500 21August 290 calls bought in mostly one print for 2.10 above open interest of 2,030 contracts. Stock 243.10.
New Trade Idea
Ticker: TTWO
Stock: 246.54
Trigger: 247.62
Expiration Date: 21AUG
UOA PRO New Trade Idea TTWO 7-29
New Trade Idea
Ticker: INFY
Stock: 12.66
Trigger: 12.88
Targets/Resistance: 13.56, 13.87
Expiration Date: 21AUG
UOA: 4,500 21August 290 calls bought in mostly one print for 2.10 above open interest of 2,030 contracts. Stock 243.10.
TTWO $245.45 Last.
Moderately sized front month EPS-Inclusive OTM call hit. Today we’ve already seen what can be done when news can be used to squeeze a short term oversold market. Is there more squeeze on the way? Can’t know for sure but we can prepare. TTWO has been uptrending for a few months so this name is already in the right direction in light of the UOA’s lean.
Trigger: $247.62.
Strategy 1: Consider the TTWO 21AUG 250.00-270.00 call spread for $7.00 projected at trigger level. Uncappable. Spreads currently a bit wide but appear tradeable.
Targets: 251.71, 255.40, 258.16, 260.23, 261.90, 265.94