ACTIONS:

Buy to open the IWM January 121 calls (IWM150117C00121000, $0.90, up $0.17).

Buy to open the QQQ January 107 calls (QQQ150117C00107000, $0.98, up $0.03).

 

Dear Momentum Options Subscriber,

I have two New Trades this morning. Both are index option trades to play higher highs.

 

iShares Russell 2000 (IWM, $117.53, up $0.72)

Buy to open the IWM January 121 calls (IWM150117C00121000, $0.90, up $0.17).

I like these call options at current levels to play a run past 1,200 on the Russell 2000.

There are several expirations for the January series, so just be sure you’re buying the calls that expire Jan. 17, 2015.

 

PowerShares QQQ (QQQ, $105.42, up $0.05)

Buy to open the QQQ January 107 calls (QQQ150117C00107000, $0.98, up $0.03).

I like these calls at current levels to play a possible run to $110 on the QQQs.

There are several expirations for the January series, so just be sure you’re buying the calls that expire Jan. 17, 2015.

 

All prices given in this update are current as of 10:15 a.m. EST.

Every new Momentum Options recommendation is listed with the price at which I entered my own position. If the price is slightly different than my recommended entry or exit price when you receive the alert, don’t let that keep you from getting into or out of a trade. Occasionally, you might even get a better “fill” price than what is posted in the Open Trades and Closed Trades.

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options