Deep-pocketed investors have adopted a bearish approach towards American Tower (NYSE:AMT), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AMT usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for American Tower. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 25% leaning bullish and 75% bearish. Among these notable options, 6 are puts, totaling $494,450, and 2 are calls, amounting to $119,040.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $170.0 to $200.0 for American Tower over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for American Tower options trades today is 335.0 with a total volume of 1,441.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for American Tower's big money trades within a strike price range of $170.0 to $200.0 over the last 30 days.

American Tower Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About American Tower

After a thorough review of the options trading surrounding American Tower, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

American Tower's Current Market Status

• With a volume of 956,231, the price of AMT is down -0.14% at $189.66.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 1 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for American Tower with Benzinga Pro for real-time alerts.