MomentumOptions.com New Trade (STM) for 5/16/2017
I mentioned I would be piggy-backing STM if shares cleared $17 and today’s move looks solid to add to our current position but with longer-term options.
STMicroelectronics (STM, $17.16, up $0.27)
Buy to Open STM October 20 calls (STM171020C00020000, $0.70, up $0.05)
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 October 20 call options that expire on October 20th, 2017. I will provide the parameters of the trade in tomorrow’s Pre-Market update.