Moderately bullish activity in AT&T (T), with shares up 76c, or 2.7%, near $28.73. Options volume relatively light with 41k contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.63. Implied volatility (IV30) is higher by 1.2 points near 23.53,and below the 52wk median, suggesting an expected daily move of $0.43. Put-call skew flattened, suggesting a modestly bullish tone.
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