Trade Ideas
UOA PRO New Trade Idea USO 8-5
3,500 07August 113 puts bought in one print for 1.52 above open interest of 489 contracts. Stock 114.70.
New Trade Idea
Ticker: USO
Stock: 114.70
Trigger: 113.95
Targets/Resistance: 112.21, 111.13, 110.56, 108.77, 107.08
Expiration Date: 14AUG
UOA: 3,500 07August 113 puts bought in one print for 1.52 above open interest of 489 contracts. Stock 114.70.
USO $115.29 Last.
Modestly sized front week slightly OTM put buy. ETF has been volatile this year and the charts look rough at this snapshot in time but news could certainly shift matter quickly. Could see more pullback here though too so willing to entertain that a little more drop could be there to participated in over the near term.
Trigger: $113.95, today’s current low.
Strategy 1: Consider the AAL 14Aug. 115.00 puts for $4.25 projected at trigger level today. Week Out SITM put. $ pricey to play and options book is challenging.
Targets: 112.21, 111.13 (150 SMA currently), 110.56, 108.77, 107.08