Moderately bullish activity in Verizon (VZ), with shares up 36c, or 0.87%, near $41.37. Options volume relatively light with 16k contracts traded and calls leading puts for a put/call ratio of 0.13, compared to a typical level near 0.5. Implied volatility (IV30) is higher by 0.3 points near 19.82,and above the 52wk median, suggesting an expected daily move of $0.52. Put-call skew steepened, indicating increased demand for downside protection.
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