Moderately bullish activity in Verizon (VZ), with shares up 88c, or 1.75%, near $51.47. Options volume relatively light with 8385 contracts traded and calls leading puts for a put/call ratio of 0.89, compared to a typical level near 0.94. Implied volatility (IV30) is higher by 1.2 points near 23.87,in the top quartile of the past year, suggesting an expected daily move of $0.77. Put-call skew flattened, suggesting a modestly bullish tone.
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