Trade Ideas
UOA PRO Update ORCL 7-17
3,750 14August 160 calls bought in one print for 1.27 above open interest of 544 contracts. Stock 125.50.
Status Update
Ticker: ORCL
Stock: 125.73
Expiration Date: 24JUL
New UOA: 3,750 14August 160 calls bought in one print for 1.27 above open interest of 544 contracts. Stock 125.50.
UOA PRO New Trade Idea ORCL 7-9
Ticker: ORCL
Type: Bullish Call Buying
Stock: 145.62
New Trade Idea
Ticker: ORCL
Stock: 145.62
Trigger: 149.07
Targets/Resistance: 153.26, 154.24, 160.17, 163.21, 165.65, 169.16
Expiration Date: 31JUL
UOA: 4,400 31July 143 calls bought in one order for 9.38-9.50 above open interest of 151 contracts. Stock 144.14-144.27.
ORCL $144.34 Last.
Moderately szied end of month slightly ITM call buy that appears with ORCL having been smoked from $250 to below $140 in 6 weeks. Certainly one that we have to consider as a bounce trade candidate with this paper appearing the Gang getting a hold of the SPYs, Qs & SMH again to this point in the week.
Trigger: $149.07, today’s current high. Backed off the high by a lot so have to see the momentum return again.
Strategy 1: Consider the 31July 150.00-170.00 call spread for $5.70 projected at trigger level today. Uncappable.
Targets: 153.26, 154.24 (15 SMA currently), 160.17, 163.21 (20 SMA currently), 165.65, 169.16 (100 SMA currently)