High-rolling investors have positioned themselves bullish on Verizon Communications VZ, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in VZ often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Verizon Communications. This is not a typical pattern.
The sentiment among these major traders is split, with 62% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $32,020, and 7 calls, totaling $550,845.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $45.0 for Verizon Communications, spanning the last three months.
Analyzing 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 $35.0 to $45.0 in 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 | SWEEP | BULLISH | 02/21/25 | $0.71 | $0.59 | $0.71 | $40.50 | $144.2K | 1.8K | 5.8K |
| VZ | CALL | TRADE | BULLISH | 02/21/25 | $0.69 | $0.6 | $0.68 | $40.00 | $136.0K | 7.1K | 337 |
| VZ | CALL | SWEEP | BEARISH | 01/24/25 | $0.55 | $0.47 | $0.5 | $40.00 | $94.0K | 31.9K | 4.0K |
| VZ | CALL | TRADE | NEUTRAL | 01/15/27 | $6.4 | $6.3 | $6.35 | $35.00 | $63.5K | 974 | 350 |
| VZ | CALL | SWEEP | BEARISH | 01/16/26 | $1.3 | $1.21 | $1.21 | $45.00 | $59.5K | 8.5K | 46 |
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.
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 volume of 24,435,391, the price of VZ is up 1.51% at $39.77.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 0 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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.
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