Whales with a lot of money to spend have taken a noticeably bearish stance on AT&T.
Looking at options history for AT&T T we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 64% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $345,137 and 10, calls, for a total amount of $550,304.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $13.0 to $27.0 for AT&T over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for AT&T's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of AT&T's whale trades within a strike price range from $13.0 to $27.0 in the last 30 days.
AT&T Option Activity Analysis: Last 30 Days
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 | 06/20/25 | $5.45 | $5.35 | $5.45 | $27.00 | $162.9K | 528 | 1 |
| T | PUT | SWEEP | BULLISH | 12/20/24 | $0.97 | $0.95 | $0.95 | $22.00 | $95.0K | 675 | 1.0K |
| T | CALL | SWEEP | BEARISH | 06/20/25 | $7.35 | $7.15 | $7.2 | $15.00 | $72.0K | 14.1K | 522 |
| T | CALL | SWEEP | BEARISH | 06/20/25 | $7.2 | $7.1 | $7.13 | $15.00 | $71.3K | 14.1K | 317 |
| T | CALL | TRADE | BEARISH | 06/20/25 | $7.2 | $7.1 | $7.1 | $15.00 | $71.0K | 14.1K | 317 |
About AT&T
The wireless business contributes nearly 70% 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 23 million customers, but this business only accounts for 4% 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
Where Is AT&T Standing Right Now?
- Trading volume stands at 7,408,218, with T's price up by 1.85%, positioned at $22.04.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 37 days.
Expert Opinions on AT&T
1 market experts have recently issued ratings for this stock, with a consensus target price of $24.0.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for AT&T, targeting a price of $24.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for AT&T with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
