AT&T (T) adds 4 cents to $30.04 and is one of sixteen Dow stocks holding gains on another day of mixed trading Friday. An unusual options trade on the stock today is a 24000-contract block of April 25 puts, bought for 10 cents per contract, to open. AT&T is up 9.6 percent from late-November lows and over the past twelve months has found some support around the $27 – $27.50 area. Shares of Ma Bell have not traded south of $25 since August 2010. April 25 puts on the stock have a delta of -.06. Volume in the contract is now almost 31,000 against 8,320 in open interest.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.