Looking At AT&T's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for AT&T (NYSE:T), with 60% of investors taking a bullish stance and 40% bearish. The total amount for puts is $123,433 and for calls is $360,300. Whales have been targeting a price range from $8.0 to $16.0 for AT&T over the last 3 months. Current price of T is up 0.45% at $14.37. Barclays, Deutsche Bank, and Citigroup have maintained their ratings on AT&T, while JP Morgan has downgraded its action to Neutral.
August 04, 2023 | 12:02 pm
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AT&T has seen unusual options activity, with a majority of investors taking a bullish stance. The company's stock price is currently up, and it has received mixed ratings from various financial institutions.
The unusual options activity, with a majority being bullish, indicates a positive sentiment towards AT&T's stock. This, combined with the current increase in stock price, suggests a potential short-term positive impact. However, the mixed ratings from financial institutions introduce some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100