AT&T Inc. (NYSE:T) is scheduled to release earnings for the latest quarter on Thursday, Oct. 19.
On CNBC’s “Options Action,” Mike Khouw of Optimize Advisors said options markets are implying a move of around +/-5% in AT&T’s stock post the release of earnings.
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There was a buyer of 3,324 of the Jan. 15-calls at an average price of 50 cents per contract, Khouw mentioned.
Traders expect AT&T’s stock trading above $15.50 by January expiration.
Post quarterly earnings for the Dallas-based telecom will be at 62 cents per share on revenue of $30.19 billion for the latest quarter, analysts predict.
Price Action: AT&T shares fell 0.6% to close at $14.36 on Friday.
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