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, 4 were puts, with a value of $342,492, and 5 were calls, valued at $249,024.

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 $33.0 and $42.0 for Verizon Communications, spanning the last three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Verizon Communications options trades today is 6973.0 with a total volume of 1,044.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Verizon Communications's big money trades within a strike price range of $33.0 to $42.0 over the last 30 days.

Verizon Communications Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

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

• Trading volume stands at 5,357,463, with VZ's price up by 0.1%, positioned at $38.29.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 43 days.

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.