ACTIONS:

Buy to open the BSX February 14 calls (BSX150220C00014000, $0.45, flat).

Buy to open the JNPR January 23 calls (JNPR150117C00023000, $0.36, up $0.09).

Buy to open the JNPR April 24 calls (JNPR150417C00024000, $0.81, up $0.13).

 

Dear Momentum Options Subscriber,

I have two New Trades for the portfolio ahead of the weekend.

 

New Trades

Boston Scientific Corporation (BSX, $13.27, up $0.01)

Buy to open the BSX February 14 calls (BSX150220C00014000, $0.45, flat).

Shares could make a run to $13.75 over the near term. A close above this level should lead to a run past $14 and fresh 52-week peaks.

The February call options expire in 63 days. This gives the trade plenty of time for a run past $15.

 

Juniper Networks (JNPR, $22.28, up $0.38)

Buy to open the JNPR January 23 calls (JNPR150117C00023000, $0.36, up $0.09).

Buy to open the JNPR April 24 calls (JNPR150417C00024000, $0.81, up $0.13).

I like these calls at current levels. A close above $22.50 should lead to higher highs.

 

All prices given in this update are current as of 3:20 p.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