ACTION:
Buy to open the LSCC December 7.50 calls (LSCC161216C00007500) for a maximum price of $0.40.
Dear Momentum Options Subscriber,
I have a New Trade for the portfolio this afternoon on a small-cap stock that appears to have made a backtest to its 50-day moving average. Although this level was stretched, I like the company’s fundamentals going forward, and the technical picture looks good for getting into longer-term call options at cheap levels.
Lattice Semiconductor (LSCC, $6.27, down $0.01)
Buy to open the LSCC December 7.50 calls (LSCC161216C00007500) for a maximum price of $0.40.
Action: I like these call options at current levels, and you can use a Limit Order up to $0.40 to get the best fills.
These are the regular December options that expire on Dec. 16. I will provide the parameters of the trade in tomorrow’s Pre-Market Update.
I hereby disclose that I will be participating in the aforementioned trade(s).
Trade on!
Rick Rouse
Editor and Chief Options Strategist
Momentum Options