Mixed options sentiment in Verizon (VZ), with shares up 32c, or 0.78%, near $40.52. Options volume relatively light with 28k contracts traded and calls leading puts for a put/call ratio of 0.36, compared to a typical level near 0.48. Implied volatility (IV30) dropped 0.18 near 17.81,and below the 52wk median, suggesting an expected daily move of $0.45. Put-call skew steepened, indicating increased demand for downside protection.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VZ:
- Mixed options sentiment in Verizon with shares up 1.14%
- Oppenheimer downgraded T-Mobile to Perform amid increased competition
- Verizon Announces Major Workforce Reduction Plan
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!
- Midday Fly By: Nvidia reports Q3 beat, Abbott buys Exact Sciences