ACTION:
Buy to open the WU May 20 calls (WU150515C00020000, $0.41, up $0.12) at current levels.
Dear Momentum Stocks Weekly Subscriber,
From time-to-time, I like to trade longer-term options on stocks instead of buying them or writing covered calls against them.
I have been wanting to add Western Union (WU) to the Momentum Stocks Weekly portfolio but have decided to use May call options to play a run past $20. Shares are just south of $19 and a move past $20.80 will be enough to double the call options I’m recommending.
Western Union (WU, $18.87, up $0.56)
Action: Buy to open the WU May 20 calls (WU150515C00020000, $0.41, up $0.12) at current levels.
I like these call options at current levels to play a possible run to the low $20’s
All prices given in this update are current as of 2:45 p.m. EST.
Every new Momentum Stocks Weekly 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
Momentum Stocks Weekly
P.S. Wall Street will be closed on Monday, Feb. 16, for Presidents’ Day. I will be back Tuesday morning with the charts and updates for the indexes and the current positions.