ACTION:
Buy to open the HILL June 5 calls (HILL150619C00005000, $0.65, up $0.05) at current levels.
Dear Momentum Options Subscriber,
I have New Trade on a name that is within spitting distance of its 52-week high. Shares have been in a strong uptrend and could move another 20% higher over the near term.
If so, the options I’m recommending could easily double.
Dot Hill Systems (HILL, $5.23, up $0.02)
Buy to open the HILL June 5 calls (HILL150619C00005000, $0.65, up $0.05) at current levels.
I like these options to play a move past $6. These are the regular monthly options that expire on June 19. I will provide the parameters of the trade in today’s Mid-Market Update.
All prices given in this update are current as 10:20 a.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