ACTION:

Buy to open the FNSR November 31 calls (FNSR161118C00031000) for a maximum price of $1.45.

Dear Momentum Options Subscriber,

I have a New Trade for the portfolio this afternoon on a name that we have traded recently, so let’s check it out below.

 

Finisar (FNSR, $30.65, down $0.01)

Buy to open the FNSR November 31 calls (FNSR161118C00031000) for a maximum price of $1.45.

Action:  I like these call options at current levels, and you can use a Limit Order up to $1.45 to get the best fills.

These are the regular monthly calls that expire on Nov. 18. 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