Verizon Communications Unusual Options Activity For January 08

Financial giants have made a conspicuous bearish move on Verizon Communications. Our analysis of options history for Verizon Communications VZ revealed 11 unusual trades.

Delving into the details, we found 45% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $384,842, and 8 were calls, valued at $360,966.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $34.0 to $50.0 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 $34.0 to $50.0 in the last 30 days.

Verizon Communications Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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.

After a thorough review of the options trading surrounding Verizon Communications, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Verizon Communications

• With a volume of 5,895,747, the price of VZ is down -1.46% at $39.62.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 15 days.

Expert Opinions on Verizon Communications

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $43.2.

• Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Verizon Communications, targeting a price of $40.
• An analyst from Oppenheimer downgraded its action to Outperform with a price target of $43.
• An analyst from Keybanc upgraded its action to Overweight with a price target of $45.
• In a positive move, an analyst from Wolfe Research has upgraded their rating to Outperform and adjusted the price target to $46.
• An analyst from Citigroup persists with their Buy rating on Verizon Communications, maintaining a target price of $42.

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.