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Deep-pocketed investors have adopted a bearish approach towards AT&T (NYSE:T), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in T usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for AT&T. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 50% bearish. Among these notable options, 3 are puts, totaling $171,172, and 7 are calls, amounting to $630,449.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $3.0 and $21.0 for AT&T, spanning the last three months.
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for AT&T's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across AT&T's significant trades, within a strike price range of $3.0 to $21.0, over the past month.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| T | CALL | TRADE | BEARISH | 01/17/25 | $0.91 | $0.87 | $0.88 | $20.00 | $391.6K | 74.5K | 4.4K |
| T | PUT | SWEEP | BULLISH | 10/18/24 | $0.77 | $0.76 | $0.76 | $19.00 | $107.6K | 3.0K | 2.1K |
| T | CALL | TRADE | BULLISH | 01/16/26 | $16.75 | $13.9 | $16.23 | $3.00 | $64.9K | 39 | 40 |
| T | CALL | TRADE | BULLISH | 01/16/26 | $16.8 | $16.1 | $16.79 | $3.00 | $50.3K | 39 | 10 |
| T | CALL | TRADE | BULLISH | 01/16/26 | $16.2 | $15.85 | $16.16 | $3.00 | $42.0K | 39 | 120 |
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
In the last month, 5 experts released ratings on this stock with an average target price of $22.4.
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.
Posted In: T
