High-rolling investors have positioned themselves bearish on AT&T T, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in T often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for AT&T. This is not a typical pattern.
The sentiment among these major traders is split, with 9% bullish and 81% bearish. Among all the options we identified, there was one put, amounting to $27,300, and 10 calls, totaling $361,175.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $14.0 to $24.0 for AT&T over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of AT&T stands at 5435.67, with a total volume reaching 14,708.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in AT&T, situated within the strike price corridor from $14.0 to $24.0, throughout the last 30 days.
AT&T Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| T | CALL | TRADE | BEARISH | 09/19/25 | $1.09 | $1.03 | $1.05 | $24.00 | $52.5K | 7.3K | 809 |
| T | CALL | SWEEP | BEARISH | 02/21/25 | $0.48 | $0.46 | $0.46 | $23.00 | $48.1K | 13.0K | 1.3K |
| T | CALL | SWEEP | BEARISH | 02/21/25 | $0.5 | $0.47 | $0.47 | $23.00 | $42.8K | 13.0K | 1.8K |
| T | CALL | TRADE | BEARISH | 09/19/25 | $1.1 | $1.04 | $1.06 | $24.00 | $38.1K | 7.3K | 1.4K |
| T | CALL | TRADE | NEUTRAL | 09/19/25 | $1.51 | $1.44 | $1.47 | $23.00 | $36.7K | 514 | 500 |
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 15% 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 recently agreed to sell its 70% equity stake in satellite television provider DirecTV to its partner, private equity firm TPG.
After a thorough review of the options trading surrounding AT&T, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
AT&T's Current Market Status
- Currently trading with a volume of 11,068,313, the T's price is up by 0.62%, now at $22.67.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 3 days.
Expert Opinions on AT&T
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $26.5.
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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.
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