Set a Limit Order to sell to close the LSCC December 7.50 calls at $0.90.

Dear Momentum Options Subscriber,

I have an update for our current Lattice Semiconductor (LSCC) trade, as the company has received a buyout offer this morning.


Lattice Semiconductor (LSCC, $6.37, up $0.06)

LSCC December 7.50 calls (LSCC161216C00007500, $0.28, down $0.02)

Entry Price: $0.30 (10/12/2016)

Exit Target: $0.90 (Limit Order)

Return: -7%

Stop Target: None

Action: Set a Limit Order to sell to close the trade at $0.90 on the open this morning.

The company got a buyout offer for $8.30 a share this morning.

The options might “cap” at $0.80, as the strike price is at 7.50. If so, I will provide an additional update after the open or in the Mid-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