Deep-pocketed investors have adopted a bullish approach towards Verizon Communications (NYSE:VZ), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in VZ usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Verizon Communications. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 22% bearish. Among these notable options, 3 are puts, totaling $177,810, and 6 are calls, amounting to $518,732.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $32.0 to $60.0 for Verizon Communications over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Verizon Communications stands at 5787.12, with a total volume reaching 169.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Verizon Communications, situated within the strike price corridor from $32.0 to $60.0, throughout the last 30 days.
Verizon Communications Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VZ | CALL | TRADE | BEARISH | 01/17/25 | $0.56 | $0.39 | $0.42 | $47.00 | $282.9K | 12.2K | 3 |
| VZ | PUT | SWEEP | BEARISH | 10/18/24 | $5.4 | $5.3 | $5.4 | $46.00 | $82.6K | 894 | 0 |
| VZ | CALL | TRADE | BULLISH | 01/16/26 | $6.7 | $6.7 | $6.7 | $35.00 | $67.0K | 6.7K | 8 |
| VZ | CALL | TRADE | BULLISH | 01/16/26 | $10.25 | $8.25 | $9.85 | $32.00 | $51.2K | 1.4K | 0 |
| VZ | PUT | TRADE | NEUTRAL | 01/17/25 | $19.3 | $19.0 | $19.15 | $60.00 | $47.8K | 6 | 25 |
About Verizon Communications
Wireless services account for about 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 21 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 29 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.
After a thorough review of the options trading surrounding Verizon Communications, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Verizon Communications Standing Right Now?
- Trading volume stands at 8,724,557, with VZ's price down by -0.26%, positioned at $41.63.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 20 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Verizon Communications with Benzinga Pro for real-time alerts.