2:00pm (EST)
We have a Profit Alert for AT&T so let’s go check the tape.
Profit Alert!
AT&T (T, $17.20, up $0.40)
T February 18 calls (T240216C00018000, $0.28, up $0.10)
Entry Price: $0.26 (1/5/2024)
Exit Target: $0.75
Return: 8%
Stop Target: None
Action: Close the trade at current levels. We are going to roll this trade into March to buy more time for a run towards $20, but we may wait until after earnings which are due out tomorrow morning.