ACTIONS:

Buy to open the HTZ May 11 calls (HTZ160520C00011000, $0.60, down $0.15) at current levels.

Buy to open the INO May 10 calls (INO160520C00010000, $0.40, up $0.10) at current levels.

Dear Momentum Options Subscriber,

Shares of Hertz Global Holdings (HTZ) are trying to build a new base of support above $10. Our previous trade in HTZ April call options made us a high single-digit gain the first time around. This time, I’m looking out to May to give the trade plenty of time to work in our favor.

I also have a speculative play on a biotech name, Inovio Pharmaceuticals (INO), which is making some noise.

 

Hertz Global Holdings (HTZ, $10.13, down $0.40)

Buy to open the HTZ May 11 calls (HTZ160520C00011000, $0.60, down $0.15) at current levels.

Action: I like these call options at current levels, and you can use a Limit Order up to $0.75 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 Monday’s Pre-Market Update.

 

Inovio Pharmaceuticals (INO, $9.27, up $0.56)

Buy to open the INO May 10 calls (INO160520C00010000, $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 $0.55 to get the best fill.

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

 

All prices given in this update are current as of 2:35 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