ACTION:

Buy to open the QQQ November 120 calls (QQQ161118C00120000) 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 ahead of today’s closing bell. I’m also working on another possible trade as well, so stay locked and loaded into the end of the session. For now, let’s take action in the QQQs.

 

PowerShares QQQ ETF (QQQ, $117.15, down $0.27)

Buy to open the QQQ November 120 calls (QQQ161118C00120000) 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 calls that expire on Nov. 18. I will provide the parameters of the trade in tomorrow’s Pre-Market Update.

qqq

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

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options