ACTION:
Buy to open the DMND June 31 calls (DMND150619C00031000, $0.45, up $0.05) at current levels.
Dear Momentum Options Subscriber,
I have a New Trade for the portfolio on a name that appears to be gaining momentum. Shares look as if they have recently made a bottom following a drop from $33 to $27.
Diamond Foods (DMND, $28.02, up $0.42)
Buy to open the DMND June 31 calls (DMND150619C00031000, $0.45, up $0.05) at current levels.
I like these call options to play a run past $30 and up to $32-$33. These are the regular monthly calls that expire on June 19. I will provide the parameters of the trade in tomorrow’s Pre-Market Update.
All prices given in this update are current as 2:50 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