ACTION:

Buy to open the WATT May 10 calls (WATT160520C00010000, $0.80, flat) at current levels.

Dear Momentum Options Subscriber,

I have a New Trade this morning on a speculative name that is making a lot of noise. There are options available on the stock, and I’m expecting a continued, explosive move higher that I would like to play using call options.

 

Energous (WATT, $7.89, down $0.02)

Buy to open the WATT May 10 calls (WATT160520C00010000, $0.80, flat) at current levels.

Action: I like these call options at current levels, and you can use a Limit Order up to $0.90 to get the best fill.

Shares surged from $6.76 to $7.91 yesterday, and a move above $8 would be bullish.

These are the regular monthly options that expire on May 20, and I will provide the parameters of the trade in today’s Mid-Market Update.

 

All prices given in this update are current as of 9:35 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