Trade Ideas
UOA PRO Update CRCL 7-21
5,000 18September 140 calls bought for 0.79-0.86 above open interest of 889 contracts; 5,000 18September 150 calls sold for 0.63-0.60 above open interest of 1,904 contracts. Stock 70.41-71.73.
Status Update
Ticker: CRCL
Stock: 70.53
Expiration Date: 18SEP
New UOA: 5,000 18September 140 calls bought for 0.79-0.86 above open interest of 889 contracts; 5,000 18September 150 calls sold for 0.63-0.60 above open interest of 1,904 contracts. Stock 70.41-71.73.
We will cover through Friday as customary.
UOA PRO New Trade Idea CRCL 7-14
Ticker: CRCL
Type: Bullish Call Buying
Stock: 61.39
New Trade Idea
Ticker: CRCL
Stock: 61.39
Trigger: 64.15
Expiration Date: 17JUL
UOA: 8,000 17July 70 calls bought in one order for 0.26-0.27 above open interest of 6,678 contracts. Stock 60.71-60.84.
CRCL $61.61 Last.
Large and front week fairly fat OTM call buy of $ cheaps that seem a little too far OTM. However, the stock recently closed a gap that had been in place for several months and may have flushed out quite a few players in doing so. Stock has been more than halved since mid May so IF something ignites this market, this could try to rip. Another where few games should be played with risk management should it not work higher for long.
Trigger: $64.15, 10 SMA currently
Strategy 1: Consider the CRCL 17July 65.00 calls for $2.00 projected at trigger level today.
Targets: 66.14, 67.13 (15 SMA currently), 68.81, 70.54 (20 SMA currently), 72.79, 75.70, 77.84