Moderately bullish activity in Verizon with shares up 0.72%

Moderately bullish activity in Verizon (VZ), with shares up 34c, or 0.72%, near $46.77. Options volume relatively light with 18k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 1.16. Implied volatility (IV30) is higher by 0.1 points near 27.16, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.80. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Verizon (VZ) will report earnings before the open on 2026-04-27.Option markets are pricing in a 50% probability of a move greater than 4.59% or $2.15.