Moderately bullish activity in AT&T (T), with shares up 10c, or 0.34%, near $28.41. Options volume running well above average with 26k contracts traded and calls leading puts for a put/call ratio of 0.17, compared to a typical level near 0.85. Implied volatility (IV30) is higher by 0.5 points near 27.17,in the top quartile of the past year, suggesting an expected daily move of $0.49. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: AT&T (T) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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