ACTION:
Buy to open the YHOO April 47 calls (YHOO150417C00047000, $0.80, up $0.05) at current levels.
Dear Momentum Options Subscriber,
I have a New Trade on a beaten down stock that is forming a solid base at $43-$44. Shares are on the verge of clearing $45, and a run to $50 could be coming over the next month or so.
Yahoo! (YHOO, $44.52, up $0.09)
Buy to open the YHOO April 47 calls (YHOO150417C00047000, $0.80, up $0.05) at current levels.
I like these call options at current levels. These are the regular monthly options that expire on April 17. I will provide the parameters of the trade in tomorrow’s Pre-Market Update.
All prices given in this update are current as of 2:15 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