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Call Options on VZ on 12/18/2017

Bullish Cup & Handle on VZVerizon Communications Inc. (VZ) provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.

Its Wireless segment offers wireless voice and data services; Internet access on various smart and basic phones, notebook computers, and tablets; and multimedia access, business-focused, location-based, global data, home phone handsets, and high-speed Internet services, as well as network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in fleet management and telematics, energy, agricultural technology, and smart community markets; and wireless devices, such as smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2016, it had 114.2 million retail connections.

The company's Wireline segment offers high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as Voice over Internet protocol services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services that include collocation and managed hosting services; cloud services, which comprise computing, storage, backup, recovery, and application platforms; and business communications services. This segment also provides data security, voice and data, cloud and IT, business communications, IoT, and mobility services; and data, voice, local dial tone, and broadband services primarily to local, long distance, wireless, and other carriers. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

We will trade January 12th Call Options

52-Weeks Trading Range: $42.80 - $54.83

Entry Point: $52.67

 

 

Trade

  • Buy 1 January $52.00 Call at $0.90
  • For a net debit of $0.90

Profit/Loss Analysis

  • Breakeven at $52.90
  • Maximum profit is unbounded
  • Maximum loss is ($90.00) at strike of $52.00

Closing Summary

  • Sold 1 January $52.00 Call at $0.15

Position closed on 1/12/2018 at price of $0.15 with a -83.33% loss in 25 days.

Updates

1/12/2018 10:10:28 AM

VZ call options closed at 0.15

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