ACTION:
The Limit Order to close the first half of the RMBS August 14 calls at $1.30 has triggered.
Dear Momentum Options Subscriber,
It’s time to ring the register on a triple-digit winner, as shares of Rambus (RMBS) are zooming this morning. I’m still working on the Mid-Market Update, but I wanted to get the good news out.
Rambus (RMBS, $14.34, up $1.57)
RMBS August 14 calls (RMBS150821C00014000, $1.30, up $0.65)
Entry Price: $0.65 (4/20/2015)
Exit Target: $1.30 (Limit Order on first half)
Return: 100%
Stop Target: $0.75 (Stop Limit)
The Limit Order to close the first half of the RMBS August 14 calls at $1.30 has triggered, as the options have reached a high of $1.35 this morning. Set a Stop Limit at $0.75 on the second half of the trade.
All prices given in this update are current as 11:30 a.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