The top equity options trades so far today are in AT&T (T) after an investor apparently sold the May 30 – Jun 33 call spread at $1.40, 19200X. AT&T shares are up 12 cents to $31.24 and have performed well lately, up 14.3 percent since mid-March. Today’s spread trader might be exiting the position in ITM May calls, which expire in 18 days, to open a new one in the OTM June call options. AT&t reported earnings on 4/20. Results were in-line and shares showed little reaction to the news.

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