ACTION:

Buy to open the RMBS August 13 calls (RMBS160819C00013000) for a maximum price of $0.50.

Dear Momentum Options Subscriber,

I have a New Trade for the portfolio that I would like us to get into this morning. The stock is showing strength, and I want to play the move using call options.

 

Rambus (RMBS, $12.63, up $0.22)

Buy to open the RMBS August 13 calls (RMBS160819C00013000) for a maximum price of $0.50.

Action: I like these call options at current levels, and you can use a Limit Order up to $0.50 to get the best fills. These are the regular monthly options that expire on Aug. 19.

I will provide the parameters of the trade in today’s Mid-Market Update.

RMBS

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

 

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options