Whales with a lot of money to spend have taken a noticeably bullish stance on AT&T ( T ).

Looking at options history for AT&T ( T ) we detected 33 trades.

If we consider the specifics of each trade, it is accurate to state that 51% of the investors opened trades with bullish expectations and 33% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $1,001,258 and 24, calls, for a total amount of $1,267,606.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $32.0 for AT&T ( T ) during the past quarter.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in AT&T's ( T ) options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to AT&T's ( T ) substantial trades, within a strike price spectrum from $20.0 to $32.0 over the preceding 30 days.

AT&T Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About AT&T

The wireless business contributes nearly 70% of AT&T's ( T ) revenue. The firm is the third-largest US wireless carrier, connecting 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 15% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access, serving 14 million customers. AT&T ( T ) also has a sizable presence in Mexico, with 23 million customers, but this business only accounts for 4% of revenue. The firm recently agreed to sell its 70% equity stake in satellite television provider DirecTV to its partner, private equity firm TPG.

Following our analysis of the options activities associated with AT&T ( T ), we pivot to a closer look at the company's own performance.

Current Position of AT&T

Trading volume stands at 33,289,304, with T's price up by 0.95%, positioned at $28.55.

RSI indicators show the stock to be is currently neutral between overbought and oversold.

Earnings announcement expected in 22 days.

Professional Analyst Ratings for AT&T

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $30.12.

Unusual Options Activity Detected: Smart Money on the Move

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* Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for AT&T ( T ), targeting a price of $28.

* An analyst from Scotiabank persists with their Sector Outperform rating on AT&T ( T ), maintaining a target price of $28.

* An analyst from Citigroup has decided to maintain their Buy rating on AT&T ( T ), which currently sits at a price target of $32.

* Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on AT&T ( T ) with a target price of $32.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for AT&T ( T ), Benzinga Pro gives you real-time options trades alerts.