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Benzinga's options scanner has just identified more than 12 option transactions on American Tower (NYSE:AMT), with a cumulative value of $799,652. Concurrently, our algorithms picked up 9 puts, worth a total of 705,932.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $220.0 for American Tower, spanning the last three months.
In terms of liquidity and interest, the mean open interest for American Tower options trades today is 855.5 with a total volume of 13,506.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for American Tower's big money trades within a strike price range of $200.0 to $220.0 over the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
AMT | PUT | SWEEP | BULLISH | 09/20/24 | $4.6 | $4.0 | $4.1 | $220.00 | $289.7K | 2.4K | 1.0K |
AMT | PUT | SWEEP | BULLISH | 09/20/24 | $4.8 | $4.2 | $4.2 | $220.00 | $135.3K | 2.4K | 320 |
AMT | CALL | TRADE | BULLISH | 08/16/24 | $14.2 | $13.7 | $14.2 | $210.00 | $93.7K | 579 | 88 |
AMT | PUT | TRADE | BULLISH | 09/20/24 | $4.5 | $4.2 | $4.2 | $220.00 | $44.5K | 2.4K | 2.0K |
AMT | PUT | TRADE | BULLISH | 09/20/24 | $4.3 | $4.0 | $4.0 | $220.00 | $42.4K | 2.4K | 1.9K |
American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us 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 us, which accounted for almost half of the company's total revenue in 2023. Outside the us, 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 a REIT.
In light of the recent options history for American Tower, it's now appropriate to focus on the company itself. We aim to explore its current performance.
5 market experts have recently issued ratings for this stock, with a consensus target price of $243.6.
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.
Posted In: AMT