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.
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.