ACTION:

Buy to open the MGM August 24 calls (MGM160819C00024000) for a maximum price of $0.90.

Dear Momentum Options Subscriber,

I have a New Trade for the portfolio this morning on a casino name that is holding its rising 50-day moving average.

 

MGM Resorts International (MGM, $23.58, up $0.29)

Buy to open the MGM August 24 calls (MGM160819C00024000) for a maximum price of $0.90.

Action: I like these call options at current levels, and you can use a Limit Order up to $0.90 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.

MGM

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

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options