Trade of the Day: Lattice Semiconductor (NASDAQ:LSCC)

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Lattice Semiconductor (LSCC) is a company that’s engaged in providing connectivity solutions. Their end-market industries range from consumer electronics to industrial equipment, communications infrastructure and licensing. The company operates through two segments: the Lattice Core  business, which includes intellectual property and semiconductor devices, and Qterics, a software service business unit in the Lattice legal entity structure.

This small-cap stock 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.

Buy to open the LSCC December 7.50 calls (LSCC161216C00007500).

Note: These are the regular December options that expire on Dec. 16.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/10/trade-day-lattice-semiconductor-nasdaq-lscc/.

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