Options Trader Sees AT&T Trading Above This Level By January Expiration
Portfolio Pulse from Lisa Levin
AT&T Inc. (NYSE:T) is set to release its latest quarterly earnings on Thursday, Oct. 19. Options markets are predicting a +/-5% move in AT&T's stock post the earnings release. A buyer purchased 3,324 of the Jan. 15-calls at an average price of 50 cents per contract, indicating an expectation that AT&T's stock will trade above $15.50 by January expiration. Analysts predict the telecom's quarterly earnings to be at 62 cents per share on revenue of $30.19 billion.
October 16, 2023 | 12:22 pm
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AT&T's stock is expected to see significant movement following the release of its quarterly earnings. The purchase of Jan. 15-calls suggests an expectation that the stock will trade above $15.50 by January.
The news directly pertains to AT&T and its upcoming earnings release. The options market's prediction of a +/-5% move and the purchase of Jan. 15-calls indicate expectations of significant stock movement. This could impact investor decisions and the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100