Buy to open the IRBT January 34 calls (IRBT160115C00034000, $1.10, up $0.40) at current levels.

Dear Momentum Options Subscriber,

I have another New Trade on a name that is showing strength, which could be setting up for a run to fresh 52-week highs. The company is also one of my favorite takeover targets for 2016, and it is a name I have followed for years.


iRobot (IRBT, $33.82, up $0.58)

Buy to open the IRBT January 34 calls (IRBT160115C00034000, $1.10, up $0.40) at current levels.

I like these call options at current levels, and you can use a Limit Order up to $1.35 to get the best fill.


A run past $36 to possible fresh 52-week highs could be in play given the recent strength in the chart.

These are the regular monthly options that expire on Jan. 15, 2016, and I will provide the parameters of the trade in tomorrow’s Pre-Market Update.


All prices given in this update are current as of 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