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Moderately bullish activity in AT&T with shares up 0.14%

Moderately bullish activity in AT&T (T), with shares up 4c, or 0.14%, near $25.27. Options volume relatively light with 9393 contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.58. Implied volatility (IV30) is higher by 0.4 points near 22.4,and below the 52wk median, suggesting an expected daily move of $0.36. Put-call skew steepened, indicating increased demand for downside protection.

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