Option traders moderately bearish in Verizon with shares down 0.69%

Option traders moderately bearish in Verizon (VZ), with shares down 32c near $47.12. Options volume relatively light with 30k contracts traded and puts leading calls for a put/call ratio of 1.3, compared to a typical level near 0.7. Implied volatility (IV30) is higher by 0.1 points near 21.12,and above the 52wk median, suggesting an expected daily move of $0.63. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Hold at Erste Group.