Benzinga's options scanner just detected over 10 options trades for American Tower AMT summing a total amount of $491,051.
At the same time, our algo caught 2 for a total amount of 63,007.
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 $180.0 to $210.0 for American Tower over the last 3 months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in American Tower's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to American Tower's substantial trades, within a strike price spectrum from $180.0 to $210.0 over the preceding 30 days.
American Tower Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMT | CALL | SWEEP | BULLISH | 04/19/24 | $210.00 | $117.8K | 1.3K | 209 |
| AMT | CALL | SWEEP | BEARISH | 04/19/24 | $210.00 | $75.6K | 1.3K | 0 |
| AMT | CALL | SWEEP | BULLISH | 04/19/24 | $210.00 | $72.8K | 1.3K | 106 |
| AMT | CALL | SWEEP | BULLISH | 04/19/24 | $180.00 | $56.9K | 7.4K | 5 |
| AMT | CALL | SWEEP | BULLISH | 04/19/24 | $210.00 | $55.7K | 1.3K | 250 |
About American Tower
American Tower owns and operates more than 220,000 cell towers throughout the U.S., Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 U.S. markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the U.S., which accounted for roughly half of the company's total revenue in 2022. Outside the U.S., American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as an REIT.
Present Market Standing of American Tower
- With a trading volume of 572,376, the price of AMT is up by 0.41%, reaching $211.55.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 65 days from now.
Professional Analyst Ratings for American Tower
In the last month, 1 experts released ratings on this stock with an average target price of $245.0.
- An analyst from HSBC downgraded its action to Buy with a price target of $245.
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 American Tower options trades with real-time alerts from Benzinga Pro.
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