ACTION:

Buy to open the FLEX August 13 calls (FLEX160819C00013000) for a maximum price of $0.55.

Dear Momentum Options Subscriber,

I have a New Trade for the portfolio on a name that is showing strength after making a nice recovery off of its recent lows.

 

Flextronics International (FLEX, $12.93, up $0.22)

Buy to open the FLEX August 13 calls (FLEX160819C00013000) for a maximum price of $0.55.

Action: I like these call options at current levels, and you can use a Limit Order up to $0.55 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.

FLEX

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

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options