MomentumOptions.com Profit Alerts (LLNW, T) for 10/22/2019
I have a Profit Alert for LLNW as shares are still rallying but are getting slightly overbought. Also, T shares have recovered but not before tripping our Stop Limit.
Limelight Networks (LLNW, $4.34, up $0.33)
LLNW January 3 calls (LLNW200117C00003000, $1.40, up $0.20)
Entry Price: $0.60 (9/11/2019)
Exit Target: $1.50-$2
Stop Target: 95 cents, raise to $1.10 (Stop Limit)
Action: Close a third (1/3) of the position at current levels. Raise the Stop Limit from 95 cents to $1.10.
AT&T (T, $38.31, up $0.08)
T November 39 calls (T191115C00039000, $0.75, flat)
Entry Price: $0.65 (10/15/2019)
Exit Target: $1.30
Stop Target: 65 cents (Stop Limit)
Action: The Stop Limit at 65 cents has tripped on today’s opening pullback. The options have recovered after kissing a low of 52 cents but we are out of the trade. I still think shares clear $40 and I could have a new trade ahead of the close with December calls. However, I want to reexamine the chart and do some math so stay tuned.