Trade Ideas
UOA PRO Update AAP 8-13
5,720 21August 53 calls bought for 5.00 above open interest of 83 contracts; 5,720 21August 62 calls sold for 1.35 above open interest of 282 contracts. Rolled from 2,000 14August 50 calls sold for 5.43 below open interest of 6,313 as a partial close of trade on Log 07/16. EPS 08/20 before open. Stock 55.28.
Status Update
Ticker: AAP
Stock: 55.71
Expiration Date: 21AUG
New UOA: 5,720 21August 53 calls bought for 5.00 above open interest of 83 contracts; 5,720 21August 62 calls sold for 1.35 above open interest of 282 contracts. Rolled from 2,000 14August 50 calls sold for 5.43 below open interest of 6,313 as a partial close of trade on Log 07/16. EPS 08/20 before open. Stock 55.28.
We will cover through tomorrow as customary.
UOA PRO New Trade Idea AAP 7-16
Ticker: AAP
Type: Bullish Call Spread
Stock: 53.76
New Trade Idea
Ticker: AAP
Stock: 53.76
Trigger: 55.34
Targets/Resistance: 56.82, 57.66, 58.23, 59.39, 60.82
Expiration Date: 07AUG
UOA:
07/16/2026 12:07:10 PM AAP Bullish Call Spread 53.76 7,500 14August 50 calls bought for 6.60 against no open interest; 7,500 14August 60 calls sold for 1.70 above open interest of 1 contract. Rolled from same quantity 17July 55 calls sold for 0.80 below open interest of 16,330 contracts. Stock 53.66. Retail and Wholesale
07/15/2026 12:49:46 PM AAP Bullish Call Spread 54.25 8,800 21August 50 calls bought for 6.78 above open interest of 4 contracts; 8,800 21August 62.50 calls sold for 2.00 above open interest of 147 contracts. Rolled from 4,200 17July 50 calls sold for 3.38 below open interest of 4,264 contracts. Stock 54.17 Retail and Wholesale
07/13/2026 3:39:39 PM AAP Bullish Call Spread 55.01 5,500 21August 60 calls bought for 3.40 above open interest of 72 contracts; 5,500 21August 65 calls sold for 2.15 above open interest of 346 contracts. Rolled from same quantity call vertical in 17July 60//65. Stock 55.10. Retail and Wholesale
07/10/2026 3:54:17 PM AAP Bullish Call Spread 57.69 7,270 21August 52.50 calls bought for 7.24 above open interest of 1 contract; 7,270 21August 67.50 calls sold for 1.60 above open interest of 67 contracts. Rolled from 17July 55 calls sold for 2.43 below open interest of 17,915 contracts. Stock 57.04. Retail and Wholesale
AAP $54.54 Last.
As can be seen above, there’s been a rash of call activity over the past week. We’ve held off on addin the name due to the technicals, price action and market itself over the past few days but this 4th hit forces our hand. It’s technically messy and on the verge of becoming bearish overall but it is still holding > 200 SMA to this point from which it is bouncing today. May be that it snaps back more but likely that’s going to require the market to get on better footing which is something it’s yet to do. Prepping in case it does however.
Trigger: $55.34, 100 SMA currently.
Strategy 1: Consider the AAP 07Aug. 56.00 calls for $3.10 projected at trigger level today. Less than ideal options book to work within. Forced to go where it was somewhat reasonable.
Targets: 56.82 (50 SMA currently), 57.66 (20 SMA currently), 58.23, 59.39, 60.82