ACTION:

Buy to open the IWM September 123 WEEKLY calls (IWM150904C00123000, $0.52, up $0.07) at current levels.

Dear Momentum Options Subscriber,

I have a New Trade this afternoon to play a possible rebound in the small-caps next week.

 

iShares Russell 2000 (IWM, $120.20, up $0.61)

Buy to open the IWM September 123 WEEKLY calls (IWM150904C00123000, $0.52, up $0.07) at current levels.

I like these call options to play a short-term rebound in the Russell 2000 small-caps. Volume has been brisk, as nearly 2,000 contracts have traded hands today.

These are the WEEKLY options that expire on Sept. 4. I will provide the parameters of the trade in Monday’s Pre-Market Update.

 

All prices given in this update are current as of 3:00 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