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Deep Dive into AT&T: Evaluating the Surge in Options Activity and Industry Outlook Deep Dive into AT&T: Evaluating the Surge in Options Activity and Industry Outlook

Several major investors have taken a bearish stance on AT&T, suggesting a potential shift in market sentiment.

Analyzing recent options history for AT&T (NYSE:T), 12 trades have been detected.

Of these trades, 33% were initiated with bullish expectations and 66% with bearish expectations, indicating a prevailing negative sentiment among investors.

The options trading data reveals that 2 puts were opened, totaling $60,632, and 10 calls were initiated, totaling $672,836.

Envisioned Price Movements

Based on recent trading activity, significant investors appear to be targeting a price range from $10.0 to $20.0 for AT&T over the past three months.

Volume & Open Interest Trends

In the current trading context, the average open interest for AT&T options stands at 29161.88, with a total volume reaching 13,055.00. The accompanying chart illustrates the evolution of call and put option volume and open interest for high-value trades in AT&T, within the strike price range from $10.0 to $20.0, over the past 30 days.

AT&T 30-Day Option Volume & Interest Snapshot

Largest Options Identified:

SymbolPUT/CALLTrade TypeSentimentExp. DateStrike PriceTotal Trade PriceOpen InterestVolume
TCALLSWEEPBEARISH01/19/24$15.00$167.2K60.8K1.5K
TCALLSWEEPBEARISH01/19/24$15.00$120.0K60.8K1.0K
TCALLSWEEPBEARISH06/20/25$10.00$73.6K2.4K100
TCALLTRADEBULLISH02/16/24$17.00$67.0K6.4K1.2K
TCALLSWEEPBULLISH01/17/25$20.00$55.4K52.1K2

About AT&T

AT&T derives approximately two-thirds of its revenue from the wireless business following the spinoff of Warner Media. As the third-largest U.S. wireless carrier, the company serves 70 million postpaid and 18 million prepaid phone customers. Fixed-line enterprise services, accounting for about 18% of revenue, encompass internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, comprising roughly 11% of revenue, primarily offer broadband internet access service. AT&T also maintains a significant presence in Mexico, serving 22 million customers, although this segment represents only 3% of the company’s revenue. Additionally, the company retains a 70% equity stake in satellite television provider DirecTV, but does not consolidate this business in its financial statements.

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Following an analysis of the options activities associated with AT&T, attention is now turned to an in-depth assessment of the company’s overall performance.

Current Market Status of AT&T

  • Trading volume amounts to 18,229,015, with AT&T’s price down by 0.0%, holding steady at $17.15.
  • RSI indicators suggest the stock may be approaching overbought territory.
  • The company’s earnings announcement is anticipated in 19 days.

Expert Opinions on AT&T

Within the past 30 days, a total of 1 professional analysts have shared their insights on AT&T, establishing an average price target of $20.0.

Options trading presents heightened risks and potential rewards. Savvy traders navigate these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and closely following market movements. Stay abreast of the latest AT&T options trades with real-time alerts from Benzinga Pro.