Option update: AT&T & Verizon expected to bid for 700 MHz Spectrum

Posted Nov 29th 2007 5:26PM by Paul Foster
Filed under: AT and T (T), Verizon Communications (VZ)

AT&T Inc. (NYSE: T) recently up 39c to $37.90:

AT&T will be participating in the 700 MHz spectrum auction that begins in December. AT&T's CEO & Chairman Randall Stephenson said last night "700 MHz is the last available spectrum out there." The company has been frequently chatted about as interested in acquiring DISH. T December option implied volatility of 32 was above its 26-week average of 27 according to Track Data, suggesting larger risk.

Verizon Communications Inc. (NYSE: VZ) recently up 09c to $42.50:

VZ is expected to be participating in the 700 MHz spectrum auction that begins in December. VZ over all option implied volatility of 29 was above its 26-week average of 25 according to Track Data, suggesting slightly larger risk.

Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Tags: 700 MHz spectrum auction, 700MhzSpectrumAuction, Chairman Randall Stephenson T, ChairmanRandallStephensonT, instant messaging, InstantMessaging, option implied volatility, OptionImpliedVolatility, songs itv video news music, SongsItvVideoNewsMusic, wireless cell phone tech, WirelessCellPhoneTech