Fixed Line Telecommunications
AT&T (T) $34.23 -0.95%
AT&T (T) hit a 52-week high this morning, but gave up early gains and is down 32 cents to $34.24. Interesting options trades on the stock include an Oct 27 – Jan 34 put spread, bought for $2.21, 17300X, to open. In this diagonal spread, the strategist bought 17300 Jan 34 puts and sold 17300 [...]
Frontier Communications Corporation (FTR) $3.38 +1.35%
Frontier Communications (FTR) adds a penny to $3.34 and options volume on the Stamford, CT telecomm is 3X the daily average, being driven by a 20000-lot of Aug 4 calls, bought for 15 cents per contract on NYSE-ARCA. The block is opening and will create the second most open interest in the name behind Jan [...]
Level 3 Communications Inc (LVLT) $19.97 +1.11%
Level3 (LVLT) adds 20 cents to $19.95 and a Jun 23 – July 19 (1X2) put ratio spread trades on the stock at 50 cents, 3500X on ISEE. A customer is closing Jun 23 puts at $3.30, according to ISEE, and possibly liquidating a position opened for $1 per contract opened in mid-May when the [...]
AT&T (T) $34.29 +1.33%
AT&T (T) has added 45 cents to $34.28 and is one of 21 Dow stocks helping the industrial average to a modest 5-point gain. Shares are moving to new 52-week highs after a 13.4 percent year-to-date advance. An investor might be looking to hedge recent gains with a spread, as 12,500 Aug 32 puts were [...]
Frontier Communications Corporation (FTR) $4.58 -0.22%
Big Print in Frontier Communications (FTR) after a May 4 – 5 strangle is sold on the stock at 27.5 cents, 55000X, to open. FTR saw a three-day 17.7 percent surge last week and cloed at $4.78 Friday after earnings were reported. Shares are off 2 cents to $4.57 today and the strangle writer is [...]
AT&T (T) $30.04 +0.07%
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 [...]
Frontier Communications Corporation (FTR) $4.52 +1.35%
Frontier Communications (FTR) adds a dime to $4.56 after earrnings were a bit better than expected and Goldman raised its price target to $4.50 from $4. The firm maintains a neutral rating on the stock. Meanwhile, implied volatility in the options on the Stamford, CT telcomm has plummeted 35 percent to 54 amid selling of [...]
Frontier Communications Corporation (FTR) $4.61 +6.84%
Frontier Communications call volume is heavy in front of tonight’s earnings, with shares up 3.3% near 4.46 heading into the final half hour of trading. Feb 5 calls lead the most actives, with nearly 10K on the tape at a nickel, including a buy-write of 3500 sold vs 4.30 stock at 11:30am. One large recent [...]
Frontier Communications Corporation (FTR) $4.09 +1.36%
Frontier Communications (FTR) Feb 4 calls are seeing interest for a second day. More than 61,000 traded Friday and open interest increased by 52,553 — to 73,899 and by far the largest position in the name. Early trades Monday include a multi-exchange sweep of 4,432 contracts at the 30-cent asking price — which might add [...]
Verizon Communications Inc (VZ) $37.68 -0.63%
Verizon (VZ) is down 30 cents to $37.62 and one of 30 Dow stocks sporting losses late-Friday. Afternoon options trades on the stock today include an Apr 33 – 37 (3X1) put ratio spread, apparently bought for 45 cents, 7500X. The bearish spread might have been initiated as a short-term hedge. The position makes its [...]
