MomentumOptions.com Profit Alert (T) for 1/8/2024
7:00pm (EST)
We have our first Profit Alert for 2024 as the “first leg” of our AT&T calls were stopped out for an 80% win. We still have a piggy-back trade open that we like going forward in AT&T, so let’s go check out the details.
Profit Alert!
AT&T (T, $17.32, down $0.15)
T February 17 calls (T240216C00017000, $0.62, down $0.13)
Entry Price: $0.35 (12/27/2023)
Exit Target: $1.40
Return: 80%
Stop Target: 63 cents (Stop Limit)
Action: The Stop Limit on the T February 17 calls tripped today on the pullback to $17.24. We are still in the T February 18 calls that closed at 23 cents.
We are holding them open at least thru the company’s earnings announcement later this month as we are expecting shares to make a run to $19-$20. Volume was nearly 15,000 contracts and is letting us know Wall Street is still expecting higher highs.