12:20pm (EST)

I have another bearish trade I like on a stock that is on the verge of falling below its 50-day moving average. The options were are targeting have been extremely active.

New Trade!

AT&T (T, $19.15, down $0.20)

Buy to Open T March 19 puts (T230317P00019000, $0.30, up $0.04)

Action: I like these put options at current levels and you can use a Limit Order up to 40 cents to get the best fills. These are the regular T March 19 puts that expire on March 17th, 2023.