ACTION:
Buy to open the FLEX April 12 calls (FLEX150417C00012000, $0.67, up $0.12) at current levels.
Dear Momentum Options Subscriber,
I have a New Trade on a stock that we have recently taken bullish trades in. Shares are at fresh 52-week peaks and could be headed towards a run at $15.
I wanted to confirm the breakout before sending this alert, and you should still have time to open a position ahead of the close.
Flextronics (FLEX, $12.42, up $0.21)
Buy to open the FLEX April 12 calls (FLEX150417C00012000, $0.67, up $0.12) at current levels.
I like these call options at current levels for a continued breakout. These are the regular monthly options that expire on April 17.
I will provide the parameters for the trade in tomorrow’s Pre-Market Update.
All prices given in this update are current as of 3:25 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