ACTION:
Buy to open the SPWR June 38 calls (SPWR150619C00038000, $0.95, up $0.05) at current levels.
Dear Momentum Options Subscriber,
I have a New Trade for the portfolio on a name that could make a run from just under $35 to $40. If so, the options I’m recommending will easily double.
SunPower (SPWR, $34.68, up $0.22)
Buy to open the SPWR June 38 calls (SPWR150619C00038000, $0.95, up $0.05) at current levels.
I like these call options at current levels. These are the regular monthly calls that expire on June 19. I will list the parameters of the trade in tomorrow’s Pre-Market Update.
All prices given in this update are current as 3:20 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