MomentumOptions.com Mid-Market Update for 11/16/2017

New Trades (BAC, RMBS)

9:40am (EST)

I have 2 New Trades this morning so let’s get on it. I will try to get out another update, or possibly even more trades, depending on the action.

 

Momentum Options Play List

Closed Momentum Options Trades for 2017: 50-21 (70%). All trades are dated and time stamped for verification. New subscribers can look at the past history to see how the trades have played out or to research our Track Records.

Do not risk more than 5% of your trading account on any one trade but do try to take all of the trades. Please remember, all “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard Stops” entered to close any trades or “Exit Orders” in your brokerage account unless I list one. I will send out a “Profit Alert” or “New Trade” if I want you to close a position or if a new trade comes out. Otherwise, follow instructions at all times in the ‪8am‬ and ‪12pm–2pm (EST)‬ updates. Also, I will usually give you a heads-up if I think I’m going to send a Trade Alert outside of these time frames.

 

Bank of America (BAC, $26.89, up $0.10)

Buy to Open BAC January 28 calls (BAC180119C00028000, $0.63, up $0.02)

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 regular BAC January 28 calls that expire on January 19th, 2018.

 

Rambus (RMBS, $14.56, up $0.07)

Buy to Open RMBS January 15 calls (RMBS180119C00015000, $0.35, flat)

Action: I like these call options at current levels and you can use a Limit Order up to 50 cents to get the best fills. These are the regular RMBS January 15 calls that expire on January 19th, 2018.