75000 T Jun 2017 45/50 call spreads went up in 6 large blocks on the ISE

ATT

Shares of AT&T (T) are up .13 to 39.98 today.? ?T is making a 52 high.

  • Paper traded 75000 T Jun 2017 45/50 call spreads for .34.?
  • The ADV is 59k per day.?
  • The OI is 50000 per strike.

The volume went up in 6 large blocks on the ISE marked spread.? There is substantial open interest and it would appear that the trader is adding more to an existing position.? The trader is looking for a 20% move up in T into mid next year.

IV 30 is trading 15%.? HV10 is trading for 9%.? IV 30 is trading above the HV 10.

AT&T Inc. is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International.