American Tower (AMT) Offering Possible 15.61% Return Over the Next 37 Calendar Days

American Tower's most recent trend suggests a bullish bias. One trading opportunity on American Tower is a Bull Put Spread using a strike $230.00 short put and a strike $210.00 long put offers a potential 15.61% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $230.00 by expiration. The full premium credit of $2.70 would be kept by the premium seller. The risk of $17.30 would be incurred if the stock dropped below the $210.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for American Tower is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for American Tower is bullish.

The RSI indicator is at 60.31 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for American Tower

American Tower (AMT) Dips More Than Broader Markets: What You Should Know
Fri, 04 Sep 2020 21:50:09 +0000
American Tower (AMT) closed at $249.98 in the latest trading session, marking a -0.93% move from the prior day.

American Tower to Raise $1.6B With Senior Notes Offering
Thu, 03 Sep 2020 14:47:02 +0000
American Tower (AMT) will utilize net proceeds from the notes offering to repay balances under its revolving credit facility and term loan.

American Tower Corporation Prices Senior Notes Offering
Wed, 02 Sep 2020 20:15:00 +0000
American Tower Corporation (NYSE: AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2028 and 2032, in aggregate principal amounts of 750.0 million Euros (approximately $893.4 million) and 650.0 million Euros (approximately $744.3 million), respectively. The 2028 notes will have an interest rate of 0.500% per annum and are being issued at a price equal to 99.555% of their face value. The 2032 notes will have an interest rate of 1.000% per annum and are being issued at a price equal to 99.575% of their face value. The net proceeds of the offering are expected to be approximately 1,385.2 million Euros (approximately $1,650.0 million), after deducting underwriting discounts and estimated offering expenses. American Tower intends to use the net proceeds to repay existing indebtedness under its $3.1 billion senior unsecured multicurrency revolving credit facility, as amended and restated in December 2019, and the $1.19 billion senior unsecured term loan entered into in April 2020 and for general corporate purposes.

'Fast Money' Traders Share Their Thoughts On American Tower Corp
Wed, 02 Sep 2020 11:13:23 +0000
On CNBC's "Fast Money," Guy Adami said that American Tower Corp (NYSE: AMT) has been a right play. It had a pullback and he would stay with it. He thinks it's a bit expensive, valuation wise, but he would hold it for the long term.Bonawyn Eison thinks the stock has been challenged and he doesn't like how it's trading. He would wait for a pullback, add to the position and hold it for the long-term.Dan Nathan believes American Tower Corp is the right way to play 5G. It's not a cheap stock and the growth is not over the top, but it's a good thematic play, if you think there is going to be a big 5G upgrade cycle over the next year.See more from Benzinga * Pete Najarian Sees Unusual Options Activity In Taiwan Semiconductor And Netflix * 'Fast Money Halftime Report' Picks For September 1: Camping World, Nike And More * Carter Worth Shares His Latest Catch-Up Trades: Caterpillar, Starbucks And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Why this real estate CEO says homebuyers are heading to sunbelt cities
Mon, 31 Aug 2020 21:53:46 +0000
Ari Rastegar, Rastegar Property Company Founder, joined The Final Round to discuss homebuyer sentiment after seeing existing home sales soar 24.7% in July and why he says buyers are fleeing coastal cities in favor of sunbelt cities like Austin, TX.

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