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Monday, 11/13/2017 1:19:56 PM

Monday, November 13, 2017 1:19:56 PM

Post# of 111502
AT&T attracts a large ratio spread as shares tick lower (TheFlyOnTheWall)
THE FLY 12:00 PM ET 11/13/2017
Symbol Last Price Change
T 34.235up +0.015 (+0.04%)
QUOTES AS OF 01:18:45 PM ET 11/13/2017
AT&T (T) attracts a large ratio spread as shares tick lower. The stock down 6c to $34.16 and 42K Jan 37 calls sold at 30c to buy 36.7K Jun 36 calls for $1.28. The activity in the June term is opening and the other leg appears to close a position opened in 2016, including 20K for $2.24 on 10/24. The stock down 7.4% since that time and rolling the long calls to June 2018s expresses confidence that shares will rebound through the first half of next year.
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