Decoding AT&T's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for AT&T (NYSE:T) shows a predominantly bearish sentiment among large investors, with 75% of trades being bearish. The trades indicate a price window of $15.0 to $21.0 for AT&T. The stock is currently up 1.76% at $17.93, but RSI indicators suggest it may be overbought.
May 31, 2024 | 4:01 pm
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Recent options activity for AT&T shows a predominantly bearish sentiment, with 75% of trades being bearish. The stock is currently up 1.76% at $17.93, but RSI indicators suggest it may be overbought.
The majority of options trades (75%) are bearish, indicating that large investors expect the stock price to decline. Despite the current price increase, RSI indicators suggest the stock may be overbought, which could lead to a price correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100