ACTION:

Buy to open the TMUS October 48 calls (TMUS161021C00048000) for a maximum price of $0.90.

Dear Momentum Options Subscriber,

I have a New Trade for the portfolio this afternoon on a name that we were recently stopped out of for a slight profit. I want to re-establish a position at cheaper levels using the same options.

 

T-Mobile (TMUS, $46.19, up $0.85)

Buy to open the TMUS October 48 calls (TMUS161021C00048000) 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.

A close above $46 and the 50-day moving average would be a bullish way to end the day.

These are the regular monthly options that expire on Oct. 21. 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