AT&T Inc (T)

[recinvestor]

It's an options trade. The option expires Friday at market close.

Calls are for those who believe the stock price will go up.

Puts are for those who believe the stock price will go down.

Anything above $39 at the time of the expiration of the option is technically "in the money". But depending on how much of a premium one paid for the option, that's what determines the amount of money an options trader makes or loses.

This should answer your question :)

Go T / TWX
Rec