ACTION:
Buy to open the FLEX May 13 calls (FLEX150515C00013000, $0.32, up $0.08) at current levels.
Dear Momentum Options Subscriber,
I have another New Trade that I want to piggy-back on one of our current trades.
Flextronics (FLEX, $12.56, up $0.18)
Buy to open the FLEX May 13 calls (FLEX150515C00013000, $0.32, up $0.08) at current levels.
I like these call options at current levels to play the possible move past $13 that is likely to come. These are the regular monthly options that expire on May 15. I will provide the parameters for the trade in today’s Mid-Market Update.
All prices given in this update are current as 10:10 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