Mixed options sentiment in Verizon (VZ), with shares up 34c, or 0.66%, near $50.78. Options volume relatively light with 25k contracts traded and puts leading calls for a put/call ratio of 1.15, compared to a typical level near 0.95. Implied volatility (IV30) dropped 1.1 near 21.77,and above the 52wk median, suggesting an expected daily move of $0.70. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Outperform at Scotiabank.
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