A whale with a lot of money to spend has taken a noticeably bearish stance on Verizon Communications.
Looking at options history for Verizon Communications VZ we detected 16 strange trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $262,017 and 10, calls, for a total amount of $437,002.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $80.0 for Verizon Communications over the recent three months.
Volume & Open Interest Development
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 $30.0 to $80.0 in the last 30 days.
Verizon Communications Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| VZ | CALL | TRADE | BULLISH | 06/20/25 | $30.00 | $70.0K | 1.8K | 111 |
| VZ | CALL | SWEEP | BEARISH | 01/17/25 | $30.00 | $67.0K | 6.5K | 103 |
| VZ | CALL | SWEEP | BEARISH | 01/17/25 | $38.00 | $64.1K | 9.7K | 303 |
| VZ | PUT | SWEEP | BEARISH | 01/19/24 | $35.00 | $56.1K | 21.1K | 628 |
| VZ | PUT | SWEEP | BEARISH | 01/19/24 | $35.00 | $55.7K | 21.1K | 2.5K |
Verizon Communications's Current Market Status
- Trading volume stands at 5,334,446, with VZ's price up 0.19%, positioned at $36.01. RSI indicators show the stock to be may be approaching overbought. Earnings announcement expected in 76 days.
What Analysts Are Saying About Verizon Communications:
- Barclays has elevated its stance to Overweight, setting a new price target at $38.
- Tigress Financial persists with their Buy rating on Verizon Communications, maintaining a target price of $45.
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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