Options traders are more bullish on AT&T Inc. than any time since Apple Inc. chose it as exclusive carrier for the original iPhone.
Bets that AT&T shares will rally are the most expensive in almost seven years relative to bearish wagers, amid speculation the stock’s 5.3 percent dividend payout will lure income investors searching for yield. Bulls are speculating the company will weather escalating competition.
“One of the primary reasons to be in this name is yield,” Art Condodina, head of equity derivatives trading at Bank of New York Mellon Corp., said in a March 21 interview. BNY Mellon is one of the most active firms in AT&T options by volume, according to data compiled by Vesel LLC. “Overlaying options on the name can be an additional source,” Condodina said.
The rumors are true, Apple is launching an 8GB version of the iPhone 5c. After internal documents from German carrier O2 clued us into a new variant of Apple’s mid-tier phone, carriers across Europe have now begun taking orders for it.
Sony’s new Cyber-shot DSC-QX10 wireless camera lens is a first-of-its-kind iPhone accessory that could appeal to many who are in the market for a quality, conveniently pocketable and connected point-and-shoot camera. Unfortunately software issues make the ambitious device far from perfect, though it does earn kudos for being a concept ahead of its time.