ACTION:

$0.55 Stop Limit triggered on the RMBS August 16 calls.

Dear Momentum Options Subscriber,

Shares of Rambus (RMBS, $15.01, down $0.19) have traded to a low of $14.83 today, and the Stop Limit on our position in the RMBS August 16 calls has triggered.

 

Rambus (RMBS, $15.01, down $0.19)

RMBS August 16 calls (RMBS150821C00016000, $0.57, down $0.13)

Entry Price: $0.43 (5/27/2015)

Exit Target: $0.90

Return: 28%

Stop Target: $0.55 (Stop Limit)

The Stop Limit on the RMBS August 16 calls has triggered, and we are now out of the position. The options traded down to $0.53 following today’s Mid-Market Update.

I will keep RMBS on my Watch List for another possible re-entry point.

 

All prices given in this update are current as 3:35 p.m. EST.

I hereby disclose that I will be participating in the aforementioned trade(s). 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