Historically, $T is an extremely slow mover, which is why I was kind of shocked to see it as a potential breakout trade candidate.
For whatever reason, $T keeps aggressively rejecting off of 24.22, meaning that once these sells are cleared out, we're likely clear up to 24.64! Once 24.64 clears we see 25.00 rather quickly.
Although this move seems tiny on paper, if you play it with options, you can easily bag 200% gains in the blink of an eye.
If we clear 24.22, consider grabbing 12/23 24Cs or 12/23 25Cs, depending on your risk tolerance. GLHF!
For whatever reason, $T keeps aggressively rejecting off of 24.22, meaning that once these sells are cleared out, we're likely clear up to 24.64! Once 24.64 clears we see 25.00 rather quickly.
Although this move seems tiny on paper, if you play it with options, you can easily bag 200% gains in the blink of an eye.
If we clear 24.22, consider grabbing 12/23 24Cs or 12/23 25Cs, depending on your risk tolerance. GLHF!
Trade closed: target reached:
Trade played out exactly as projected. Congrats to all!