Whales with a lot of money to spend have taken a noticeably bullish stance on AT&T.
Looking at options history for AT&T T we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $347,752 and 2, calls, for a total amount of $164,500.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $16.0 to $22.0 for AT&T over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for AT&T's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across AT&T's significant trades, within a strike price range of $16.0 to $22.0, over the past month.
AT&T Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| T | PUT | SWEEP | BEARISH | 10/18/24 | $1.17 | $1.16 | $1.17 | $18.00 | $102.7K | 5.7K | 518 |
| T | CALL | TRADE | BEARISH | 09/20/24 | $1.8 | $1.75 | $1.75 | $16.00 | $87.5K | 2.3K | 501 |
| T | CALL | SWEEP | BULLISH | 09/20/24 | $1.78 | $1.54 | $1.54 | $16.00 | $77.0K | 2.3K | 1 |
| T | PUT | SWEEP | BULLISH | 10/18/24 | $0.69 | $0.67 | $0.67 | $17.00 | $53.6K | 5.4K | 2.3K |
| T | PUT | SWEEP | BULLISH | 10/18/24 | $0.7 | $0.68 | $0.68 | $17.00 | $40.8K | 5.4K | 3.3K |
About AT&T
The wireless business contributes about two thirds of AT&T's revenue. The firm is the third-largest US wireless carrier, connecting 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 16% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access, serving 14 million customers. AT&T also has a sizable presence in Mexico, with 22 million customers, but this business only accounts for 3% of revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.
Having examined the options trading patterns of AT&T, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of AT&T
- With a trading volume of 13,420,837, the price of T is down by -0.26%, reaching $17.57.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 41 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest AT&T options trades with real-time alerts from Benzinga Pro.
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