ACTION:

Buy to open the WATT May 12.50 calls (WATT160520C00012500, 0.50, up $0.05) at current levels.

Dear Momentum Options Subscriber,

I have a New Trade for the portfolio this afternoon on another familiar name, as I want to stick with what’s been working for us.

 

Energous (WATT, $10.31, up $0.13)

Buy to open the WATT May 12.50 calls (WATT160520C00012500, 0.50, up $0.05) at current levels.

Action: I like these call options at current levels, and you can use a Limit Order up to $0.65 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 tomorrow’s Pre-Market Update

 

All prices given in this update are current as of 2:50 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