MomentumOptions.com New Trade (T)/ Profit Alert (LLNW) for 1/17/2020

12:50pm (EST)

I have a New Trade on a familiar name, AT&T, so let’s get on it. I also have a Profit Alert for LLNW.

New Trade!

AT&T (T, $38.35, up $0.32)

Buy to Open T March 40 calls (T200320C00040000, $0.50, up $0.10)

Action: I like these call options at current levels and you can use a Limit Order up to 65 cents to get the best fills. These are the regular T March 40 calls that expire on March 20th, 2020.

Profit Alert!

Limelight Networks (LLNW, $5.30, up $0.02)

LLNW January 3 calls (LLNW200117C00003000, $2.20, flat)

Entry Price: $0.60 (9/11/2019)

Exit Target: $2.50 Limit Order (closed 1/3 @ $1.40 on 10/22)

Return: 222%

Stop Target: $2 (Stop Limit)

Action: Close the trade at current levels.