What whales do with AT&T – the Madison Leader Gazette

Someone with a lot of money to spend (and maybe some insider knowledge) took a bearish stance on AT&T(NYSE: T).

And retail traders should know.

We noticed this today when the prominent position appeared in the history of publicly available options that we follow here at Benzinga.

Whether it’s an institution or just a wealthy individual, we don’t know. But when something this big happens with T, it often means that someone knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga’s options scanner spotted 11 uncommon option trades for AT&T.

It’s not normal.

The general sentiment of these big traders is split between 27.27% bullish and 72.73% bearish.

Of all the special options we discovered, 7 are put options, totaling $ 342,234, and 4 are call options, totaling $ 216,845.

What is the target price?

Considering the volume and open interest on these contracts, it appears Whales have been targeting a price range of $ 24.0 to $ 28.0 for AT&T over the past 3 months.

Development of volume and open interest

Watching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of AT&T options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and options, respectively, for all AT & T whale trades within a strike price range of $ 24.0 to $ 28.0 in the last 30 days.

Volume of AT&T options and open interest during the last 30 days

Option Call Graph

The biggest options spotted:

T

TO PUT

TO SWEEP UP

DECREASE

01/21/22

$ 25.00

$ 81.5K

74.6K

3.0K

T

CALL

TRADE

NEUTRAL

22/10/21

$ 25.00

$ 67.5K

641

463

T

TO PUT

TO SWEEP UP

BULLISH

12/17/21

$ 25.00

$ 65.9K

5.6K

1.8K

T

CALL

TO SWEEP UP

DECREASE

01/21/22

$ 25.00

$ 63.7K

23.5K

308

T

CALL

TRADE

DECREASE

01/21/22

$ 24.00

$ 54.8K

300

491

Where is AT&T now?

  • With a volume of 18,475,824, the price of T is down -1.42% to $ 26.39.

  • RSI indicators suggest that the underlying stock may be on the verge of being oversold.

  • The next results should be published in 10 days.

What the experts say about AT&T:

  • Barclays has decided to maintain its Equal-Weight rating on AT&T, which currently sits at a price target of $ 30.

  • Loop Capital downgraded its share to Hold with a price target of $ 30.0

  • MoffettNathanson improved his action to Neutral with a price target of $ 28.0

Options are a riskier asset compared to just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator and closely following the markets. If you’re already an options trader or want to get started, head over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analysis to strengthen your investing and trading strategy.

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© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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