ACTION:

Buy to open the VUZI September 10 calls (VUZI160916C00010000) for a maximum price of $1.30.

Dear Momentum Options Subscriber,

I have a New Trade for the portfolio this morning on a name that is in the process of setting fresh 52-week peaks. Today’s slight pullback is a buying opportunity, and I want to play a potential blast past double-digits by mid-September by using call options.

 

Vuzix (VUZI, $8.70, down $0.16)

Buy to open the VUZI September 10 calls (VUZI160916C00010000) for a maximum price of $1.30.

Action:  I like these call options at current levels, and you can use a Limit Order up to $1.30 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 today’s Mid-Market Update.VUZI

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

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options