Mixed options sentiment in Verizon (VZ), with shares down 26c near $39.48. Options volume relatively light with 81k contracts traded and calls leading puts for a put/call ratio of 0.69, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 0.1 points near 18.38,and below the 52wk median, suggesting an expected daily move of $0.46. Put-call skew flattened, suggesting a modestly bullish tone.
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- Option traders moderately bearish in Verizon with shares down 2.25%
- Verizon price target lowered to $45 from $49 at BofA
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