ACTION:

Buy to open the MYL April 45 puts (MYL160415P00045000, $1.10, down $0.38) at current levels.

Dear Momentum Options Subscriber,

I have a New Trade this afternoon on a name that made us over 40% earlier this year by using put options. Shares are setting up nicely for us to go “short” again.

 

Mylan (MYL, $47.43, up $0.88)

Buy to open the MYL April 45 puts (MYL160415P00045000, $1.10, down $0.38) at current levels.

Action: I like these put options at current levels, and you can use a Limit Order up to $1.25 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 tomorrow’s Pre-Market Update.

 

All prices given in this update are current as of 3:20 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