T
AT&T has been hampered by doubt over its growing debt burden and recent costly acquisition of Time Warner. At the end of the third quarter the company had $185 billion of debt. Excluding financial companies, AT&T has more debt than any other U.S. company.
The company is hosting an analyst meeting on Thursday. Depending on if they can dazzle the Street, we could see higher volatility in T stock which has fallen 22% year-to-date.
On the options trading front, calls were the hot ticket yesterday. Activity lifted to 140% of the average daily volume, with 123,824 total contracts traded. Calls contributed 71% to the amount.
Implied volatility is holding steady at 24% which places it at the 59th percentile of its one-year range. Traders are pricing in 1.5% daily moves.