ACTION:

Buy to open the GT October 33 calls (GT161021C00033000) for a maximum price of $0.80.

Dear Momentum Options Subscriber,

I have another New Trade for the portfolio today on a name that is approaching multi-month resistance at $33, and I want to use near-term call options to play a possible run to $34-$35.

 

Goodyear Tire & Rubber (GT, $32.40, up $0.35)

Buy to open the GT October 33 calls (GT161021C00033000) for a maximum price of $0.80.

Action: I like these call options at current levels, and you can use a Limit Order up to $0.80 to get the best fills.

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