Mixed options sentiment in Verizon with shares up 0.88%

Mixed options sentiment in Verizon (VZ), with shares up 34c, or 0.88%, near $39.66. Options volume relatively light with 27k contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.67. Implied volatility (IV30) dropped 2.04 near 21.29,and above the 52wk median, suggesting an expected daily move of $0.53. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Verizon (VZ) will report earnings before the open on 2026-01-30.Option markets are pricing in a 50% probability of a move greater than 4.25% or $1.68.