MomentumOptions.com New Trades (VIAV, MRVL) for 2/6/2018
3:50pm (EST)
I have 2 New Trades I want to get into ahead of the closing bell. Important, start initial half positions on all trades in case we have to average down.
New Trades!
Viavi Systems (VIAV, $10.03, up $0.33)
Buy to Open VIAV March 10 calls (VIAV180318C00010000, $0.45, up $0.13)
Action: I like these call options at current levels and you can use a Limit Order up to 60 cents to get the best fills. These are the regular VIAV March 10 calls that expire on March 18th, 2018.
Marvell Technology (MRVL, $21.80, up $0.45)
Buy to Open MRVL May 24 calls (MRVL180518C00024000, $0.83, up $0.08)
Action: I like these call options at current levels and you can use a Limit Order up to $1 to get the best fills. These are the regular MRVL May 24 calls that expire on May 18th, 2018.