ACTION:
Buy to open the LLNW September 4 calls (LLNW150918C00004000, $0.35, down $0.05) at current levels.
Dear Momentum Options Subscriber,
I have a New Trade on a name that is no stranger to the portfolio. The options I’m recommending are a “cheap” way to play a run past $4 by mid-September.
Limelight Networks (LLNW, $3.65, down $0.07)
Buy to open the LLNW September 4 calls (LLNW150918C00004000, $0.35, down $0.05) at current levels.
I like these call options at current levels. I will have the parameters of the trade in tomorrow’s Pre-Market Update. Earnings are due out tomorrow, April 30, so there is additional risk to this trade. These are the regular monthly options that expire on Sept. 18.
All prices given in this update are current as 2:40 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