Mixed options sentiment in Verizon (VZ), with shares down 30c near $40.80. Options volume roughly in line with average with 72k contracts traded and calls leading puts for a put/call ratio of 0.85, compared to a typical level near 0.52. Implied volatility (IV30) dropped 0.55 near 18.26,and below the 52wk median, suggesting an expected daily move of $0.47. Put-call skew steepened, indicating increased demand for downside protection.
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