New Trade (STM) for 5/15/2017

2:05pm (EST)

I have a New Trade on a favorite stock that is pushing fresh 52-week peaks again.


STMicroelectronics (STM, $16.89, up $0.26)

Buy to Open STM July 17.50 calls (STM170721C00017500, $0.65, up $0.10)

Action: I like these call options at current levels and you can use a Limit Order up to 80 cents to get the best fills. These are the STM July 17.50 call options that expire on July 21st, 2017. I will provide the parameters of the trade in tomorrow’s Pre-Market update.