Looking At AT&T's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been observed for AT&T (NYSE:T), with 83% of investors opening trades with bearish expectations. The majority of the trades are puts, totaling $934,895, compared to $235,430 in calls. Whales have been targeting a price range from $13.0 to $20.0 for AT&T over the last 3 months. The current price of AT&T is $14.9, up 0.71%. Analysts from Wells Fargo, Citigroup, Deutsche Bank, Barclays, and JP Morgan have maintained their ratings on AT&T, with price targets ranging from $17 to $22.
July 26, 2023 | 5:02 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
AT&T has seen a significant amount of bearish options activity, with the majority of trades being puts. The current price of AT&T is $14.9, up 0.71%. Analysts have maintained their ratings on AT&T, with price targets ranging from $17 to $22.
The bearish options activity indicates that investors are expecting the price of AT&T to decrease. This, combined with the fact that the majority of the trades are puts, suggests a negative short-term impact on the stock. However, the maintained ratings and price targets from analysts could provide some stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100