Option traders moderately bearish in Verizon (VZ), with shares down 18c near $49.97. Options volume relatively light with 46k contracts traded and puts leading calls for a put/call ratio of 1.64, compared to a typical level near 0.76. Implied volatility (IV30) is higher by 0.7 points near 21.88,and above the 52wk median, suggesting an expected daily move of $0.69. Put-call skew flattened, suggesting a modestly bullish tone.
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