Momentum Trades

MomentumOptions.com New Trade (RIG) for 3/3/2023

1:25pm (EST)

I have a New Trade on a stock that is approaching fresh 52-week highs and could be on the verge of a multi-year breakout.

New Trade!

Transocean (RIG, $7.50, up $0.14)

Buy to Open RIG April 8 calls (RIG230421C00008000, $0.45, up $0.07)

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 RIG April 8 calls that expire on April 21st, 2023.

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