ACTION:
Buy to open the FNSR November 31 calls (FNSR161118C00031000) for a maximum price of $1.45.
Dear Momentum Options Subscriber,
I have a New Trade for the portfolio this afternoon on a name that we have traded recently, so let’s check it out below.
Finisar (FNSR, $30.65, down $0.01)
Buy to open the FNSR November 31 calls (FNSR161118C00031000) for a maximum price of $1.45.
Action: I like these call options at current levels, and you can use a Limit Order up to $1.45 to get the best fills.
These are the regular monthly calls that expire on Nov. 18. I will provide the parameters of the trade in tomorrow’s Pre-Market Update.
I hereby disclose that I will be participating in the aforementioned trade(s).
Trade on!
Rick Rouse
Editor and Chief Options Strategist
Momentum Options