ACTION:

Buy to open the IRBT July 38 calls (IRBT160715C00038000) for a maximum price of $0.65.

Dear Momentum Options Subscriber,

I have a New Trade for the portfolio today that I would like us to get into ahead of the close. Shares of iRobot (IRBT) are trying to recover and hold their 50-day moving average. If successful, shares could make a push past $40 to fresh 52-week peaks.

 

iRobot (IRBT, $36.86, down $0.08)

Buy to open the IRBT July 38 calls (IRBT160715C00038000) for a maximum price of $0.65.

Action: I like these call options at current levels, and you can use a Limit Order up to $0.65 to get the best fills.

These are the regular July options that expire on July 15. I will provide the parameters of the trade in tomorrow’s Pre-Market Update.

 

I hereby disclose that I will be participating in the aforementioned trade(s).

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options