MomentumOptions.com Trade Alert (T) for 11/19/2019
Shares of AT&T are taking a hit today following an analyst downgrade to a Sell rating on the stock. While I don’t agree with the assessment, price action has forced us out of our T positions.
AT&T (T, $37.85, down $1.77)
T December 40 calls (T191220C00040000, $0.20, down $0.30)
Entry Price: $0.36 (11/15/2019)
Exit Target: $0.75
Stop Target: 40 cents (Stop Limit)
T January 40 calls (T200117C00040000, $0.35, down $0.40)
Entry Price: $0.63 (11/15/2019)
Exit Target: $1.30
Stop Target: 65 cents (Stop Limit)
Action: The Stop Limits at 40 cents and 65 cents have triggered today on the weakness in the stock. If you haven’t closed the trades, do so now to save the remaining premium.