Decoding Verizon Communications's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bullish move on Verizon Communications. Our analysis of options history for Verizon Communications VZ revealed 9 unusual trades.

Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $65,557, and 7 were calls, valued at $273,178.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $36.0 to $47.0 for Verizon Communications during the past quarter.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Verizon Communications's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Verizon Communications's significant trades, within a strike price range of $36.0 to $47.0, over the past month.

Verizon Communications Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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

Verizon Communications's Current Market Status

• With a trading volume of 9,570,690, the price of VZ is down by -0.04%, reaching $42.45.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 83 days from now.

What Analysts Are Saying About Verizon Communications

5 market experts have recently issued ratings for this stock, with a consensus target price of $45.0.

• Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Verizon Communications with a target price of $46.
• 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.
• Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Verizon Communications, targeting a price of $44.
• Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Verizon Communications with a target price of $46.
• In a positive move, an analyst from Keybanc has upgraded their rating to Overweight and adjusted the price target to $45.

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.