AT&T (NYSE: T) is recently trading at $39 in pre-open trading, above its close of $37.90. T announced a 12.7% dividend increase and a new 400 million share repurchase plan. T overall option implied volatility of 31 is above its 26-week average of 28 according to Track Data, suggesting larger risk.
Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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