ACTIONS:

Buy to open the UPS July 105 calls (UPS150717C00105000, $0.53, up $0.06) at current levels.

Buy to open the UPS October 110 calls (UPS151016C00110000, $0.70, up $0.03) at current levels.

Dear Momentum Options Subscriber,

I have a New Trade on a name that is trying to clear and hold its 200-day moving average. The chart pattern is showing a possible breakout to $110-$115.

 

United Parcel Service (UPS, $100.97, up $0.51)

Buy to open the UPS July 105 calls (UPS150717C00105000, $0.53, up $0.06) at current levels.

Buy to open the UPS October 110 calls (UPS151016C00110000, $0.70, up $0.03) at current levels.

I like both of these call options at current levels to play a run to $105-$110 over the near term. I will provide the parameters of the 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 3:10 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