Trade Ideas
UOA PRO Update GOOGL | GOOG 7-29
54,000 16October 375 calls bought for 6.75 to 7.41 above open interest of 975 contracts; 54,000 18September 410 calls sold for 0.96 to 0.90 below open interest of 59,372 contracts. Rolls trade on Log 07/15. Stock 333.03-334.50.
Status Update
Ticker: GOOGL | GOOG
Stock: 344.85
Expiration Date: 07AUG
GOOGL UOA: 54,000 16October 375 calls bought for 6.75 to 7.41 above open interest of 975 contracts; 54,000 18September 410 calls sold for 0.96 to 0.90 below open interest of 59,372 contracts. Rolls trade on Log 07/15. Stock 333.03-334.50.
UOA PRO New Trade Idea GOOG 7-24
Ticker: GOOG
Type: Bullish Call Buying
Stock: 318.56
New Trade Idea
Ticker: GOOG
Stock: 318.56
Trigger: 324.45
Targets/Resistance: 330.47, 334.69, 336.43, 339.40, 343.75, 345.55, 348.52, 350.37
Expiration Date: 07AUG
UOA: 2,065 28August 340 calls bought in one order for 5.00 above open interest of 232 contracts. Stock 319.50-319.54.
GOOG $309.22 Last.
Small late in Aug. OTM call buy appears after the EPS Reaction “REKT” GOOG’s share price. No doubt this could be a “take-the-unthinkable-off-the-table” hedge by a player that thinks the destruction is only starting but for now, we’re going with the “news out of the blue” angle. Results were reported as stellar beats but free cash flow and other items are said to have led to the woodshedding of the stock to the 200 SMA. It has been hovering near that level now for 2 sessions and is oversold in the short term. Charts have also taken a turn for the worse but just in case news that Squeezes should suddenly appear, we want to be prepped and ready to roll with the squeezers.
Trigger: $324.45, post-EPS-pancaking high. Want to see the mo’ return with gusto. Long wait but want to sense that the sub 200 SMA activity was the stuff flush out dreams are made of…
Strategy 1: Consider the GOOG 31July 327.50 calls for $4.00 projected at trigger level today.
Strategy 2: Consider the GOOG 07Aug. 325.00-350.00 call spread for $6.35 projected at trigger level today. Uncappable. Adds time, has solid R to R and is wide, plays “return to the breakdown point” phenomenon.
Targets: 330.47, 334.69, 336.43, 339.40, 343.75 (100 SMA currently), 345.55, 348.52, 350.37 (20 SMA currently)