Options Trader Sees AT&T Trading Above This Level By January Expiration

AT&T Inc. T is scheduled to release earnings for the latest quarter on Thursday, Oct. 19.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said options markets are implying a move of around +/-5% in AT&T’s stock post the release of earnings.

Don’t forget to check out our premarket coverage here

There was a buyer of 3,324 of the Jan. 15-calls at an average price of 50 cents per contract, Khouw mentioned.

Traders expect AT&T’s stock trading above $15.50 by January expiration.

Post quarterly earnings for the Dallas-based telecom will be at 62 cents per share on revenue of $30.19 billion for the latest quarter, analysts predict.

Price Action: AT&T shares fell 0.6% to close at $14.36 on Friday.

Check This Out: Top 5 Consumer Stocks That May Implode This Quarter