ACTION:

Buy to open the RMBS May 14 calls (RMBS160520C00014000, $0.47, flat) at current levels.

Dear Momentum Options Subscriber,

I have another New Trade today on a favorite name of mine that recently generated a 25% return for us. Shares are still in a strong uptrend, and I’m using call options to play further strength in the stock and a possible run towards $15 by May.

 

Rambus (RMBS, $13.46, up $0.02)

Buy to open the RMBS May 14 calls (RMBS160520C00014000, $0.47, flat) at current levels.

Action: I like these call options at current levels, and you can use a Limit Order up to $0.60 to get the best fill.

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 11:50 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