Trade Ideas
UOA PRO Update INTC 8-4
5,125 07August 104 calls bought for 2.56 above open interest of 1,313 contracts; 5,125 07August 106 calls sold for 1.97 above open interest of 1,344 contracts. Stock 100.26.
Status Update
Ticker: INTC
Stock: 100.44
Expiration Date: 07AUG
New UOA: 5,125 07August 104 calls bought for 2.56 above open interest of 1,313 contracts; 5,125 07August 106 calls sold for 1.97 above open interest of 1,344 contracts. Stock 100.26.
UOA PRO New Trade Idea INTC 7-24
Ticker: INTC
Type: Bullish Call Buying
Stock: 95.64
New Trade Idea
Ticker: INTC
Stock: 95.64
Trigger: 101.74
Targets/Resistance: 104.74, 110.91, 115.31
Expiration Date: 07AUG
UOA: 18,500 05August 102 calls mostly bought for 3.00 to 4.06 above open interest of 7 contracts. Stock 95.33-97.37.
INTC $95.11 Last.
Very large early Aug. OTM call buy appears after the EPS Reaction weighed on share price. As with GOOG, no doubt this could be a hedge by a player that thinks the destruction is only starting. Shorter term charts have taken a turn for the worse but the LT charts are still bullish to this point. Adding as bull just in case news that Squeezes should suddenly appear, we want to be prepped and ready to roll with the squeezers. May add bearsiders on both this and GOOG given that the lifting of the indices and SMH is losing steam.
Trigger: $101.74, today’s post-EPS-pancaking high. Want to see the mo’ return with intent.
Strategy 1: Consider the INTC 31July 102.00 calls for $4.00 projected at trigger level today.
Strategy 2: Consider the INTC 07Aug. 102.00-117.00 call spread for $4.90 projected at trigger level today. Uncappable.
Targets: 104.74 (15 SMA currently), 110.91 (20 SMA currently), 115.31 (50 SMA currently)