ACTIONS:
Buy to open GOGO March 18 calls (GOGO150320C00018000, $0.45, up $0.05) at current levels.
Buy to open GRUB March 45 calls (GRUB150320C00045000, $0.55, up $0.21) at current levels.
Dear Momentum Options Subscriber,
I have two New Trades for you today. One is on a company announcing earnings next week. The option pits are active as the stock is making an attempt to clear its 200-day moving average. Shares are just above $16 and could make a move past $18 on a better-than-expected quarter. I will cover Wall Street’s expectations on Monday.
I also have another trade on a stock that is on the verge of a breakout and could challenge its 52-week in the coming weeks.
Gogo (GOGO, $16.08, up $0.14)
Buy to open GOGO March 18 calls (GOGO150320C00018000, $0.45, up $0.05) at current levels.
Action: I like these call options at current levels. Earnings are due out next Thursday. There are several expiration days available in the March series, so just be sure you’re buying to open the regular March calls that expire March 20, 2015.
GrubHub (GRUB, $40.62, up $0.93)
Buy to open GRUB March 45 calls (GRUB150320C00045000, $0.55, up $0.21) at current levels.
Action: I like these calls at current levels for a run past $45 over the next month.
All prices given in this update are current as of 2:45 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