ACTION:

Buy to open the RMBS September 14 calls (RMBS160916C00014000) for a maximum price of $0.55.

Dear Momentum Options Subscriber,

I have a New Trade for the portfolio this afternoon on a name that is still showing momentum. Our last bullish Rambus (RMBS) trade made us 39%, and I hope to make a much bigger return this time using September call options.

 

Rambus (RMBS, $13.54, up $0.14)

Buy to open the RMBS September 14 calls (RMBS160916C00014000) 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 call options that expire on Sept. 16.

I will provide the parameters of the trade in Monday’s Pre-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