MomentumOptions.com Trade Alerts (T, TME) for 7/2/2021

3:40pm (EST)

I have 2 Trade Alerts for our July options as we are closing them to save the remaining premium. The options expire in two weeks and I don’t believe the price action will work in our favor for these trades to be profitable.

On that note, I hope everyone enjoys the long weekend and the July 4th holiday.

Trade Alerts!

AT&T (T, $29.27, up $0.16)

T July 28 puts (T210716P00028000, $0.12, down $0.03)

Entry Price: $0.55 (6/18/2021)
Exit Target: $1.10
Return: -78%
Stop Target: None

Action: Close the trade at current levels.

Tencent Music Entertainment Group (TME, $15.12, down $0.35)

TME July 17 calls (TME210716C00017000, $0.08, down $0.05)

Entry Price: $0.60 (6/9/2021)
Exit Target: $1.20
Return: -87%
Stop Target: None

Action: Close the trade at current levels.