Our Hot Money Tracker has a new buy alert that has triggered.
Our tracker has spotted a 450% increase in call options traded in EQT Corp (NYSE: EQT).
Hot Money is making a move in the November 15, 2019 expiration with buying over 9k calls, which only profits if prices of shares soar higher in the coming days.
Here's what we're doing...
We're buying to open the EQT Corp (NYSE: EQT) November 15, 2019, $12 calls up to $0.15 per contract or better, for the day.
Action to Take:
- In your brokerage account, locate the EQT November 15, 2019, $12 calls:
- The symbol is EQT191115C00012000.
- Search for options under the stock ticker: EQT.
- Make sure you choose the right options expiration (expiring on November 15, 2019).
- Choose the $12 strike price.
- Select "calls" options. Select how many contracts to buy.
Once you have the right contract, click "buy to open."
- Choose "limit order." (This sets the max price you'll pay per contract).
- Use a limit of $0.15 per contract.
- Click "Day" for TIF (Time In Force).
- Then click "buy" to transmit the order.
You can also call your broker and say, "I want to buy to open EQT November 15, 2019, $12 calls with a $0.15 limit or better; for the day."
If Hot Money is right that shares of EQT Corp (NYSE: EQT) soar higher in the coming days, our calls would quickly increase into a double or triple-digit gain - Giddy up!