Verizon's Unusual Options Activity

Unusual Options Activity Detected in AT&T Ahead of Earnings

A significant amount of unusual options activity has been observed in AT&T (T) ahead of the company's upcoming earnings release, according to Benzinga's Options Activity Indicator.

The indicator detected a large number of trades in AT&T options with a high concentration of bearish bets. Specifically, the indicator flagged a large number of put options being purchased, particularly in the May and June expiries.

The unusual activity was concentrated in the $30 to $35 strike price range, indicating that many traders are expecting AT&T's stock price to decline or remain range-bound in the near term.

The options activity is likely being driven by a combination of factors, including concerns about the company's ability to grow its revenue and profitability, as well as the ongoing competition in the telecommunications industry.

AT&T is set to release its first-quarter earnings on April 22, and the unusual options activity may be a sign that traders are preparing for a potential move in the stock price ahead of the release.

In the past, unusual options activity has been a reliable indicator of market sentiment and has often been followed by significant price movements in the underlying stock. As such, traders may want to keep a close eye on AT&T's stock price and options activity in the coming days.