What the Options Market Tells Us About AT&T

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 14 trades.

If we consider the specifics of each trade, it is accurate to state that 78% of the investors opened trades with bullish expectations and 21% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $366,585 and 8, calls, for a total amount of $797,893.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $25.0 for AT&T over the recent three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of AT&T stands at 8746.0, with a total volume reaching 29,063.00. 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 $25.0, throughout the last 30 days.

AT&T Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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.

Where Is AT&T Standing Right Now?

• With a volume of 16,120,616, the price of T is up 1.79% at $16.52.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 12 days.

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.