AT&T (T) Options Chain

NYSE: TTelecommunicationsTelecommunications EquipmentUSD

22.18-2.41 (-9.81%)

At close: Oct 9, 4:02 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $22.18
Put/call ratio (OI): 0.52
Put/call ratio (volume): 0.47
ATM implied volatility: 29.7%
Expected move: ±$7.45
Open interest (C / P): 76.91K / 39.77K

T options summary

The T options chain for the January 21, 2028 expiration lists 12 call and 12 put contracts, with 468 days until expiration. Open interest stands at 76,913 calls and 39,766 puts, a put/call ratio of 0.52, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $23.00 strike is 29.7%, which implies the market expects a move of about ±$7.45 (33.6%) in AT&T stock by expiration.

The most open interest sits at the $35.00 call (22.23K contracts) and the $20.00 put (10.98K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

T options chain · January 21, 2028

T calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
0	1	37.9%	9.50	9.15	9.55	13.00	0.32	0.34	0.33	37.1%	192	300
742	8	34.1%	7.60	7.40	7.75	15.00	0.35	0.60	0.52	34.8%	186	3,736
1,004	18	32.1%	5.32	5.05	5.45	18.00	0.97	1.20	1.17	31.2%	1,523	3,505
4,265	698	30.4%	3.96	3.95	4.10	20.00	1.73	1.85	1.79	29.6%	148	10,981
T $22.18
8,513	1,033	29.6%	2.61	2.45	2.62	23.00	2.81	3.45	3.13	29.7%	74	6,116
10,108	1,510	30.0%	1.81	1.75	1.97	25.00	4.25	4.80	4.35	30.1%	15	9,960
8,237	303	29.5%	1.31	1.19	1.40	27.00	5.65	6.15	5.86	28.8%	35	1,100
9,605	745	28.8%	0.75	0.68	0.80	30.00	7.95	8.50	7.45	27.2%	50	3,952
4,730	308	30.8%	0.60	0.47	0.70	32.00	9.65	11.00	10.03	37.3%	18	97
22,230	6	32.0%	0.34	0.30	0.50	35.00	12.45	0.00	12.84	—	2	0
1,128	35	29.3%	0.25	0.18	0.25	37.00	12.50	17.20	11.05	59.2%	1	6
6,351	108	33.0%	0.17	0.17	0.27	40.00	15.50	20.35	13.80	65.0%	1	13

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the T put/call ratio?

For the January 21, 2028 expiration, the T put/call ratio based on open interest is 0.52 (39,766 puts vs 76,913 calls), and 0.47 based on today's volume. A ratio above 1 means more puts than calls.

What is T's implied volatility?

At-the-money implied volatility for T options expiring January 21, 2028 is about 29.7%, an annualized estimate of how much the market expects AT&T stock to move.

How many T option expiration dates are there?

T has 16 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.