ACTION:

Buy to open the ORCL April 40 calls (ORCL160415C00040000, $0.40, up $0.10) at current levels.

Dear Momentum Options Subscriber,

I have a New Trade that I want us to get into this morning. Shares of Oracle (ORCL) have been on my watch list, and today’s blast past the 100-day moving average looks good for a bullish play.

 

Oracle (ORCL, $37.26, up $0.49)

Buy to open the ORCL April 40 calls (ORCL160415C00040000, $0.40, up $0.10) at current levels.

Action: I like these call options at current levels, and you can use a Limit Order up to $0.45 to get the best fill. These are the regular monthly options that expire on April 15, and I will provide the parameters of the trade in today’s Mid-Market Update.

ORCL

 

All prices given in this update are current as of 10:30 a.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