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 12 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $60,632 and 10, calls, for a total amount of $672,836.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $20.0 for AT&T over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of AT&T stands at 29161.88, with a total volume reaching 13,055.00. 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 $10.0 to $20.0, throughout the last 30 days.
AT&T 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| T | CALL | SWEEP | BEARISH | 01/19/24 | $15.00 | $167.2K | 60.8K | 1.5K |
| T | CALL | SWEEP | BEARISH | 01/19/24 | $15.00 | $120.0K | 60.8K | 1.0K |
| T | CALL | SWEEP | BEARISH | 06/20/25 | $10.00 | $73.6K | 2.4K | 100 |
| T | CALL | TRADE | BULLISH | 02/16/24 | $17.00 | $67.0K | 6.4K | 1.2K |
| T | CALL | SWEEP | BULLISH | 01/17/25 | $20.00 | $55.4K | 52.1K | 2 |
About AT&T
The wireless business contributes about two thirds of AT&T's revenue following the spinoff of Warner Media. The firm is the third-largest U.S. wireless carrier, connecting 70 million postpaid and 18 million prepaid phone customers. Fixed-line enterprise services, which account for about 18% 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 service. AT&T also has a sizable presence in Mexico, serving 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.
Following our analysis of the options activities associated with AT&T, we pivot to a closer look at the company's own performance.
Present Market Standing of AT&T
- Trading volume stands at 18,229,015, with T's price down by 0.0%, positioned at $17.15.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 19 days.
What The Experts Say On AT&T
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $20.0.
- An analyst from Wells Fargo persists with their Overweight rating on AT&T, maintaining a target price of $20.
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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