ACTION:
Buy to open the WU April 20 calls (WU150417C00020000, $0.36, up $0.10) at current levels.
Dear Momentum Options Subscriber,
It’s time to go piggy-backing. We have already taken advantage of the strength in shares of Western Union (WU, $19.64, up $0.31) by playing the WU March 19 calls, and I want to continue to do so by adding another longer-term call option.
Western Union (WU, $19.64, up $0.31)
Buy to open the WU April 20 calls (WU150417C00020000, $0.36, up $0.10) at current levels.
I like these call options to play continued strength in shares of WU. We have already locked in half profits in our WU March 19 calls, but I don’t want to miss the possible surge past $20.
These are the regular monthly options that expire on April 17. I will provide the parameters for this trade in tomorrow’s Pre-Market Update.
All prices given in this update are current as of 2:35 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