ACTION:

Buy to open the RMBS September 14 calls (RMBS160916C00014000) for a maximum price of $0.45.

Dear Momentum Options Subscriber,

I have a New Trade on a familiar name that we were recently stopped out of for two double-digit profits in July. The 3-day pullback to end last week looks like a buying opportunity over the near-term.

 

Rambus (RMBS, $13.64, up $0.12)

Buy to open the RMBS September 14 calls (RMBS160916C00014000) for a maximum price of $0.45.

Action: I like these call options at current levels and you can use a Limit Order up to 45 cents to get the best fills.

These are the regular Sept. 14 call options that expire on the 16th.  I will provide the parameters of the trade in tomorrow’s Pre-Market update.

 

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

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options