ACTION:
Buy to open the WU March 19 calls (WU150320C00019000, $0.40, up $0.15) at current levels.
Dear Momentum Options Subscriber,
As they say on Wall Street, a dollar never sleeps. Of course, the suit and ties are packing it in ahead of the three-day weekend but I have found another opportunity for us.
I have a New Trade for the portfolio on another stock making fresh 52-week highs. Shares look poised to make a run past $20 and I want to play the move using options. The February calls are exploding but expire next Friday. The March calls are also active and I want to use them to reduce the risk and buy the trade a little more time.
Western Union (WU, $18.83, up $0.52)
Buy to open the WU March 19 calls (WU150320C00019000, $0.40, up $0.15) at current levels.
The near-term option pits are exploding in volume. I like these call options at current levels to play a possible run past $20.
All prices given in this update are current as of 1:20 p.m. EST.
Every new Momentum Options recommendation is listed with the price at which I entered my own position. If the price is slightly different than my recommended entry or exit price when you receive the alert, don’t let that keep you from getting into or out of a trade. Occasionally, you might even get a better “fill” price than what is posted in the Open Trades and Closed Trades.
Trade on!
Rick Rouse
Editor and Chief Options Strategist
Momentum Options