Moderately bullish activity in Verizon (VZ), with shares up 98c, or 2.09%, near $47.73. Options volume roughly in line with average with 56k contracts traded and calls leading puts for a put/call ratio of 0.84, compared to a typical level near 0.74. Implied volatility (IV30) is higher by 0.1 points near 22.22,and above the 52wk median, suggesting an expected daily move of $0.67. Put-call skew steepened, indicating increased demand for downside protection.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VZ:
- Mixed options sentiment in Verizon with shares up 0.27%
- A Shot at Elon Musk’s SpaceX? America’s Largest Telcos Eye JV to End ‘Dead Zones’
- Mixed options sentiment in Verizon with shares down 0.29%
- Verizon Strengthens Capital Structure with $4 Billion Notes
- FCC grants Verizon, U.S. Celluar applications to assign spectrum licenses