Trade Ideas
UOA PRO Update FRMI 7-30
26,500 31July 7 calls bought in mostly one order for 0.19-0.28 above open interest of 11,742 contracts. Stock 6.36-6.60.
Status Update
Ticker: FRMI
Stock: 6.59
Expiration Date: 31JUL
New UOA: 26,500 31July 7 calls bought in mostly one order for 0.19-0.28 above open interest of 11,742 contracts. Stock 6.36-6.60.
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UOA PRO New Trade Idea FRMI 7-21
Ticker: FRMI
Type: Bullish Call Buying
Stock: 6.39
New Trade Idea
Ticker: FRMI
Stock: 6.39
Trigger: 6.61
Expiration Date: 31JUL
UOA: 9,800 31July 8 calls bought in mostly one order for 0.20 to 0.25 above open interest of 1,300 contracts. Stock 6.29-6.39.
FRMI $6.48 Last.
Large week out slightly OTM call buy. MAY have a higher low in place again from which it may be trying to springboard again. Has possible pre-EPS run with EPS set in Aug. With a surge, the charts could flip solidly bullish.
Trigger: $6.61.
Strategy 1: Consider the FRMI 31July 6.00 calls for $0.95 projected at trigger level today. Selected for roll up if it pops.
Targets: 7.01, 7.55 (20 SMA currently), 8.28, 8.76