T trade ideas
AT&T new dip opportunity. As with many stocks, they paid out divedens; after which, many people sold their position. This resulted in a drop from 30 to 29, which admittedly is not very sizable.
I am watching closely to see a continuation in the down trend.
I have a buy order for call options:
20 calls at Limit order at .45 per option contract, expiring Jan 21st, 2022, strike price of $35.00
These have an abundance of open interest and volume, they are trading at .78 as of right now.
I may be willing to increase my limit price. I almost feel that if I were to stock up on them, even at the current price, im almost for sure going to be making a decent return the moment they are in the money.
And it is likely imo that I would be in the money sometime in the next year on that trade. It had almost reached $35 in June.
Earnings are coming up on Jan 28th, So I may wait till after earnings.
AT&T let's go Even though at & t's streaming service (HBO) is not yet a great success compared to netflix and disney. The company is currently heavily undervalued, as a result of which the dividend % has also been increased to 7%. The best thing about at & t is that it keeps its wireless and cable customers when they also can leave. Also the new eco system with which they connect new customers to multiple services is good for the growth.