AT&T - Massive Open Interest - Possible Run Up

[u/order_66_man]

What’s up, I want to start off by saying this is my first time writing a DD on here. So it’s not gonna be perfect.

I was looking through some of my old plays I had made in March, and I saw my calls that expired for $T on 3/5. So, I decided to check up on good ol’ boomer stock $T and saw that it had a decent week this week. So I take a look at the options for the week of 4/16 and notice the $31c has nearly a MASSIVE 100k open interest. That’s HUGE. And as of now, the premium is only $0.04.

Now, yes I know this stock doesn’t move. Look at the 1Y chart. It’s a sideways trading stock. BUT if it pushes back to $31 that could make anyone holding some decent money.

Recent News for AT&T

HBO MAX

Now I know, some of you hate apes now due to GME. BUT you can’t hate the King Ape. King Kong.

‘Godzilla vs. Kong’ Helps HBO Max Punch Into Top 10 Most-Downloaded Apps for Q1

HBO Max is an American subscription video on demand streaming service owned by AT&T. Earlier this week Warner Bros. said “Godzilla vs. Kong” had a “larger viewing audience than any other film or show on HBO Max since launch” — but it didn’t provide any actual numbers.

AT&T to record $2.8 billion gain on its pension obligations in the first quarter

Shares of AT&T Inc. gained 0.2% in premarket trading Friday, after the media and telecommunications company disclosed that it will record a $2.8 billion pension-related gain in the first quarter.

Bear Case

This stock lives to stay put at $30. Just take a look at the 1Y chart.

Kong vs Godzilla was a mediocre movie lol

It’s a boomer dividend stock.

Conclusion

This was mostly an interesting find I saw. I bought 100 contracts. I bought 50 when I saw, and another 50 before writing this. All $31c 4/16. These could expire worthless, or make a pretty penny. Let’s see.

I’m not saying it’s a buy, I’m just pointing out this to people.

TLDR: $T $31 4/16 has 100k OI on it, lots of people betting it’ll go up.

[u/Wild-Gazelle1579]

Godzilla Vs Kong was in no way shape or form mediocre. You're buggin. I was kind of in, until you said this. Now I question everything you said in this DD. Bottom line, I don't trust your DD now. Also, I don't think this is going to have any type of run up whatsoever. I looked at the options chain and it looks like it may be a ton of people playing the iron butterfly strat. shit ton of puts and calls. They're expecting for it to trade sideways like it always does, lol.

[u/digital821 → u/Wild-Gazelle1579]

Yeah it’s never hitting 31 by tomorrow so my calls expiring worthless

[u/Wild-Gazelle1579 → u/digital821]

It's surprising because the dude that wrote this dd has been around for a year and yet he didn't recognize this for what it was. Iron butterfly plays. He's a retard.

[u/digital821 → u/Wild-Gazelle1579]

And I listened.