AT&T: A Deep Dive into Options Activity AT&T: A Deep Dive into Options Activity

Written By Michael Gary Scott

The big fish in the pond have taken a noticeably bearish stance on AT&T.

Exploring AT&T’s options history, we’ve identified 12 trades.

When analyzing each trade, it is evident that 33% of the investors opened trades with bullish expectations, while 66% took a bearish position.

These trades consist of 2 puts, totaling $60,632, and 10 calls, totaling $672,836.

Interpreting Price Movements

From the trading activity, it seems that significant investors are eyeing a price range between $10.0 and $20.0 for AT&T over the recent three months.

Analysis of Volume & Open Interest Trends

In the current trading context, the average open interest for AT&T stands at 29161.88, alongside a total volume of 13,055.00. The accompanying chart depicts the progression of both call and put option volume and open interest for high-value trades in AT&T, within the strike price corridor from $10.0 to $20.0, over the last 30 days.

Snapshot of AT&T’s 30-Day Option Volume & Interest

Identifying Significant Options

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

Understanding AT&T

Following the spinoff of Warner Media, AT&T’s wireless business contributes about two thirds of its revenue. The firm, as the third-largest U.S. wireless carrier, serves 70 million postpaid and 18 million prepaid phone customers. Fixed-line enterprise services, accounting 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 significant presence in Mexico, serving 22 million customers, although this business only accounts for 3% of revenue. Furthermore, the firm holds a 70% equity stake in satellite television provider DirecTV, which is not consolidated in its financial statements.

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After analyzing the options activities associated with AT&T, let’s delve into a closer examination of the company’s own performance.

Current Market Position of AT&T

  • Trading volume stands at 18,229,015, with T’s price down by 0.0%, positioned at $17.15.
  • The stock’s RSI indicators suggest that it may be approaching overbought conditions.
  • An earnings announcement is expected in 19 days.

Expert Opinions on AT&T

In the last 30 days, a total of 1 professional analysts have provided their take on this stock, 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 certainly carries higher risks and potential rewards. Savvy traders navigate 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.