Trade Ideas
UOA PRO Update AXTI 7-20
3,900 14August 53 calls mostly bought in one/two orders for 7.50 to 7.90 above open interest of 6 contracts. Stock 48.24-48.57.
Status Update
Ticker: AXTI
Stock: 48.66
Expiration Date: 24JUL
New UOA: 3,900 14August 53 calls mostly bought in one/two orders for 7.50 to 7.90 above open interest of 6 contracts. Stock 48.24-48.57.
UOA PRO New Trade Idea AXTI 7-14
Ticker: AXTI
Type: Bullish Call Buying
Stock: 56.83
New Trade Idea
Ticker: AXTI
Stock: 56.83
Trigger: 57.94
Targets/Resistance: 60.18, 64.03, 71.67, 74.54
Expiration Date: 24JUL
UOA: 6,500 31July 57 calls mostly bought for 8.48-9.80 above open interest of 14 contracts. Stock 55.65-57.32.
AXTI $56.24 Last.
Sizeable late July ATM call buy that appears to be EPS-inclusive. Indices and Semis remain volatile. AXTI was smoked nearly $100 lower after topping in May. Could see a pre-EPS run attempt and Semis could get back on track given the volatility so want to be ready.
Trigger: $57.94, today’s current high but likely want to see SMH working higher as well.
Strategy 1: Consider the AXTI 24July 58.00-75.00 call spread for $4.70 projected at trigger level today. Uncappable.
Targets: 60.18, 64.03, 71.67, 74.54