ACTIONS:

Buy to open the RAD July 8 calls (RAD150717C00008000, $0.65, down $0.03) at current levels.

Buy to open the RAD October 9 calls (RAD151016C00009000, $0.55, flat) at current levels.

Dear Momentum Options Subscriber,

I have a New Trade on a name currently above $8 that appears to be headed to $10 or higher. I’m using both short-term and longer-term options to take advantage of the possible move. If I’m right, these options should easily return triple-digits.

 

Rite Aid (RAD, $8.37, up $0.04)

Buy to open the RAD July 8 calls (RAD150717C00008000, $0.65, down $0.03) at current levels.

Buy to open the RAD October 9 calls (RAD151016C00009000, $0.55, flat) at current levels.

I like these call options at current levels to play a run to fresh 52-week peaks north of $9. I will provide the parameters of both trades in tomorrow’s Pre-Market Update.

The July calls are the regular monthly options that expire on July 17, and the October calls are the regular monthly options that expire on Oct. 16.

 

All prices given in this update are current as 1:05 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