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 9 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $327,928 and 3, calls, for a total amount of $247,780.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $34.0 to $47.0 for Verizon Communications over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $34.0 to $47.0 in the last 30 days.
Verizon Communications Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VZ | CALL | SWEEP | BULLISH | 07/18/25 | $6.35 | $6.3 | $6.35 | $34.00 | $156.8K | 467 | 248 |
| VZ | PUT | SWEEP | BEARISH | 09/19/25 | $8.3 | $8.2 | $8.3 | $47.00 | $100.4K | 1.1K | 122 |
| VZ | PUT | SWEEP | BEARISH | 03/21/25 | $3.15 | $3.1 | $3.15 | $42.00 | $81.2K | 7.5K | 258 |
| VZ | PUT | TRADE | BULLISH | 06/20/25 | $6.75 | $6.35 | $6.4 | $45.00 | $64.0K | 1.9K | 100 |
| VZ | CALL | TRADE | BULLISH | 09/19/25 | $3.55 | $3.4 | $3.5 | $38.00 | $52.5K | 782 | 158 |
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 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 30 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. Verizon agreed to acquire Frontier Communications in September 2024.
Where Is Verizon Communications Standing Right Now?
- With a volume of 6,649,497, the price of VZ is down -0.25% at $39.86.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 28 days.
What Analysts Are Saying About Verizon Communications
1 market experts have recently issued ratings for this stock, with a consensus target price of $45.0.
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Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Verizon Communications options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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