TopOptionAlert
Oct 25, 9:07 AM
$VZ OCT30 46C · still actionable
Zone:
$44.35 to
$44.97
Invalidation: close under
$43.43
Objectives:
$46.58, then
$48.00
The math: up 4.3% to the first objective and 7.5% to the second, against 2.8% risk on the invalidation, better than 2.5 to 1 to the second.
Dear friend, picture a steady phone company that everyone stopped watching because it moves slow, then Friday it dipped hard on heavy trading and still closed back above the low of the day. This is a swing into Monday morning, when Verizon reports its third quarter numbers before the open, and the question is simple: did the business hold up while the stock slid? If it did, the path back toward 46.58 and then 48.00 is just ground this stock covered in September.
P.S. Watch 45.29 first, the high from Thursday, a move back above it leaves Friday dip behind.
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