ACTIONS:

Buy to open the ETFC January (2017) 35 calls (ETFC170120C00035000) for a maximum price of $1.15.

Buy to open the QQQ January (2017) 122 calls (QQQ170120C00122000) for a maximum price of $1.10.

Buy to open the RMBS February (2017) 14 calls (RMBS170217C00014000) for a maximum price of $0.70.

Buy to open the TIVO January (2017) 22.50 calls (TIVO170120C00022500) for a maximum price of $0.65.

Dear Momentum Options Subscriber,

I have four New Trades that I would like to get into this morning, as I want to open up the playbook going into December and to close out 2016. I’m expecting a continued bullish run into year-end, so let’s go pick some low-hanging fruit!

 

E*Trade Financial (ETFC, $34.07, up $0.18)

Buy to open the ETFC January (2017) 35 calls (ETFC170120C00035000) for a maximum price of $1.15.

Action: I like these call options at current levels and you can use a Limit Order up to $1.15 to get the best fills this morning. These are the regular monthly options that expire on Jan. 20, 2017.

 

PowerShares QQQ Trust (QQQ, $118.94, up $0.41)

Buy to open the QQQ January (2017) 122 calls (QQQ170120C00122000) for a maximum price of $1.10.

Action: I like these call options at current levels and you can use a Limit Order up to $1.10 to get the best fills this morning. These are the regular monthly options that expire on Jan. 20, 2017.

 

Rambus (RMBS, $13.40, down $0.14)

Buy to open the RMBS February (2017) 14 calls (RMBS170217C00014000) for a maximum price of $0.70.

Action: I like these call options at current levels and you can use a Limit Order up to $0.70 to get the best fills this morning. These are the regular monthly options that expire on Feb. 17, 2017.

 

TiVo (TIVO, $20.80, up $0.05)

Buy to open the TIVO January (2017) 22.50 calls (TIVO170120C00022500) for a maximum price of $0.65.

Action:  I like these call options at current levels and you can use a Limit Order up to $0.65 to get the best fills this morning. These are the regular monthly options that expire on Jan. 20, 2017.

I will provide the parameters of these trades in today’s 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