Trade Ideas
UOA PRO Update SOFI 7-28
100,000 31July 18.50 calls bought for 0.25 above open interest of 16,166 contracts; 100,000 31July 20 calls sold for 0.06 below open interest of 122,054 contracts. Rolls the long leg of trade on Log 07/10. EPS 07/29 before open. Stock 16.75.
Status Update
Ticker: SOFI
Stock: 16.75
Expiration Date: 31JUL
New UOA: 100,000 31July 18.50 calls bought for 0.25 above open interest of 16,166 contracts; 100,000 31July 20 calls sold for 0.06 below open interest of 122,054 contracts. Rolls the long leg of trade on Log 07/10. EPS 07/29 before open. Stock 16.75.
UOA PRO New Trade Idea SOFI 7-13
Ticker: SOFI
Type: Bullish Call Spread
Stock: 18.81
New Trade Idea
Ticker: SOFI
Stock: 18.81
Trigger: 19.41
Targets/Resistance: 20.92, 21.46, 22.02, 22.91
Expiration Date: 31JUL
UOA: 50,000 31July 20 calls bought for 0.79 above open interest of 10,570 contracts; 50,000 31July 23 calls sold for 0.18 above open interest of 4,693 contracts. Stock 18.78.
SOFI $18.46 Last.
***UOA traded on 7/10 but OI appears intact.***
Massive OTM call vertical that appears to be EPS inclusive. Stock is backing off today (as hoped for on Friday) so now have a chance to add since it has an obvious catalyst and the charts are close to taking a nice turn. We’ve seen quite a bit of pullbacks erased lately or, put another way, the Gang is short-circuiting larger magnitude corrective activity before it has a chance to snowball. Assuming that’s the case again, this one will be in the log but the trigger is a bit away.
Trigger: $19.41, flat line.
Strategy 1: Consider the SOFI 31July 18.50 calls for $1.6