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Verizon call volume above normal and directionally bullish

Bullish option flow detected in Verizon with 12,040 calls trading, 1.6x expected, and implied vol increasing almost 3 points to 21.65%. 6/28 weekly 41.5 calls and 7/5 weekly 41.5 calls are the most active options, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 0.30. Earnings are expected on July 22nd.

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