9:00am (EST)
We have a Trade Alert this morning on another triple-digit option winner as shares of AT&T (T) continue to march towards our $17 Price Target and our calls at our Exit Target.
Trade Alert!
AT&T (T, $16.57, up $0.27)
T January 16 calls (T240119C00016000, $0.80, up $0.18)
Entry Price: $0.40 (11/15/2023)
Exit Target: $0.80, raise to $1.20
Return: 100%
Stop Target: 50 cents, raise to 60 cents (Stop Limit)
Action: Raise the Exit Target from 80 cents to $1.20. Raise the Stop Limit at 50 cents to 60 cents to further protect profits.