MomentumOptions.com New Trade (IGT) for 3/17/2021

2:15pm (EST)

I have a New Trade on a recent name when we whipsawed out of for a slight profit but the option action in International Game Tech (IGT) has been heavy today. Given the recent pullback and backtest to support, we are getting a great reentry point to play another run past $20.

New Trade!

International Game Tech (IGT, $18.80, up $0.24)

Buy to Open IGT April 20 calls (IGT210416C00020000, $0.95, up $0.15)

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. These are the regular IGT April 20 calls that expire on April 16th, 2021.