Moderately bullish activity in Verizon (VZ), with shares up 14c, or 0.35%, near $41.20. Options volume relatively light with 21k contracts traded and calls leading puts for a put/call ratio of 0.36, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 0.7 points near 18.58,and below the 52wk median, suggesting an expected daily move of $0.48. Put-call skew steepened, indicating increased demand for downside protection.
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