Trade Ideas
UOA PRO Update DRAM 7-29
10,000 21August 55 calls bought for 2.41 above open interest of 5,504 contracts; 10,000 21August 65 calls sold for 0.75 below open interest of 27,756 contracts; 10,000 21August 40 puts sold for 1.73 below open interest of 12,726 contracts. Stock Stock 47.52.
Status Update
Ticker: DRAM
Stock: 45.67
Expiration Date: 21AUG
New UOA: 10,000 21August 55 calls bought for 2.41 above open interest of 5,504 contracts; 10,000 21August 65 calls sold for 0.75 below open interest of 27,756 contracts; 10,000 21August 40 puts sold for 1.73 below open interest of 12,726 contracts. Stock Stock 47.52.
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UOA PRO New Trade Idea DRAM 7-6
Ticker: DRAM
Type: Bullish Call Buying
Stock: 65.58
New Trade Idea
Ticker: DRAM
Stock: 65.58
Trigger: 66.35
Targets/Resistance: 67.80, 69.22, 70.66, 71.88, 73.85, 76.89, 80.72
Expiration Date: 21AUG
UOA: 15,000 16October 80 calls bought in mostly four/five orders above open interest of 1,704 contracts. Stock 65.32-65.86.
DRAM $65.56 Last.
Large Oct. OTM call buy. ETF has pulled back to the rising 50 SMA after topping out about 2 weeks ago. Should this be a spring board effect, the next leg could be a strong one.
Trigger: $66.35.
Strategy 1: Consider the DRAM 21Aug. 70.00-100.00 call spread for $6.15 projected at trigger level today. Uncapapable.
Targets: 67.80, 69.22, 70.66, 71.88, 73.85, 76.89, 80.72