What the Options Market Tells Us About Verizon Communications

Whales with a lot of money to spend have taken a noticeably bullish stance on Verizon Communications.

Looking at options history for Verizon Communications VZ we detected 10 trades.

If we consider the specifics of each trade, it is accurate to state that 80% of the investors opened trades with bullish expectations and 20% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $87,609 and 8, calls, for a total amount of $358,692.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $38.0 to $47.0 for Verizon Communications during the past quarter.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Verizon Communications stands at 8965.11, with a total volume reaching 6,558.00. 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 $38.0 to $47.0, throughout the last 30 days.

Verizon Communications Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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 U.S. wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 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.

Having examined the options trading patterns of Verizon Communications, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Verizon Communications

• Trading volume stands at 7,018,619, with VZ's price up by 0.37%, positioned at $43.0.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 18 days.

What Analysts Are Saying About Verizon Communications

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $42.333333333333336.

• Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Verizon Communications, targeting a price of $48.
• Consistent in their evaluation, an analyst from RBC Capital keeps a Sector Perform rating on Verizon Communications with a target price of $40.
• Showing optimism, an analyst from Redburn Atlantic upgrades its rating to Neutral with a revised price target of $39.

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.