ACTION:

Buy to open the HALO November 13 calls (HALO161118C00013000) for a maximum price of $1.20.

Dear Momentum Options Subscriber,

I have a New Trade for the portfolio this afternoon that I want us to get into, so let’s take a look.

 

Halozyme Therapeutics (HALO, $12.44, up $0.47)

Buy to open the HALO November 13 calls (HALO161118C00013000) for a maximum price of $1.20.

Action: I like these call options at current levels, and you can use a Limit Order up to $1.20 to get the best fills. These are the regular monthly options that expire on Nov. 18. I will provide the parameters of the trade in tomorrow’s Pre-Market Update.

Shares have been making higher highs over the past few weeks since the breakout above $10.50 mid-month. Resistance is at $12.50, and continued closes above that level would be a bullish development. Support is at $12.25-$12.

 

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

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options