9:00am (EST)
Our first trade for 2024 is up 80% after nearly hitting triple-digit profits yesterday. However, resistance is once again in play so let’s start protecting profits. If you have not renewed your 2024 membership, look for a half-off coupon later in the week.
Trade Alert!
AT&T (T, $17.25, up $0.47)
T February 17 calls (T240216C00017000, $0.63, up $0.18)
Entry Price: $0.35 (12/27/2023)
Exit Target: $0.70, raise to $1.40
Return: 80%
Stop Target: 48 cents (Stop Limit)
Action: Raise the Exit Target from 70 cents to $1.40. Yesterday’s high hit 69 cents. Set an initial Stop Limit at 48 cents.