MomentumOptions.com New Trade (VIAV) for 10/21/2019
I have a New Trade on a favorite name that is on the verge of a breakout. I recommending 2 call options, on the December and January 16 strike prices.
Viavi Solutions (VIAV, $15.10, up $0.27)
Buy to Open VIAV December 16 calls (VIAV191220C00016000, $0.50, up $0.05)
Buy to Open VIAV January 16 calls (VIAV200117C00016000, $0.65, up $0.05)
Action: I like both call options at current levels and you can use a Limit Order up to 60cents and 75 cents, respectively, to get the best fills. These are the regular VIAV December 15 calls and the VIAV January 15 calls that expire on December 20th 2019 and January 17th, 2020, respectively.