Verizon Communications's Options: A Look at What the Big Money is Thinking

Financial giants have made a conspicuous bearish move on Verizon Communications. Our analysis of options history for Verizon Communications VZ revealed 12 unusual trades.

Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $155,208, and 8 were calls, valued at $487,155.

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 $30.0 to $45.0 for Verizon Communications during the past quarter.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Verizon Communications's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Verizon Communications's whale trades within a strike price range from $30.0 to $45.0 in the last 30 days.

Verizon Communications Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Verizon Communications

Verizon Communications is primarily a wireless business (it provides about 70% of service revenue and nearly all operating income). It serves about 92 million postpaid and 22 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.

Following our analysis of the options activities associated with Verizon Communications, we pivot to a closer look at the company's own performance.

Current Position of Verizon Communications

• With a volume of 15,479,948, the price of VZ is down -0.02% at $42.22.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 90 days.

Expert Opinions on Verizon Communications

In the last month, 5 experts released ratings on this stock with an average target price of $45.2.

• An analyst from Keybanc has decided to maintain their Overweight rating on Verizon Communications, which currently sits at a price target of $46.
• Showing optimism, an analyst from Daiwa Capital upgrades its rating to Outperform with a revised price target of $47.
• An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Verizon Communications, which currently sits at a price target of $44.
• Showing optimism, an analyst from Wolfe Research upgrades its rating to Outperform with a revised price target of $46.
• Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Verizon Communications with a target price of $43.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Verizon Communications, Benzinga Pro gives you real-time options trades alerts.