3VZ : A Closer Look at Verizon Communications's Options Market Dynamics

Whales with a lot of money to spend have taken a noticeably bearish stance on Verizon Communications.

Looking at options history for Verizon Communications VZ we detected 12 trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $405,810 and 4, calls, for a total amount of $188,583.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $38.0 to $47.0 for Verizon Communications over the last 3 months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Verizon Communications’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Verizon Communications’s significant trades, within a strike price range of $38.0 to $47.0, over the past month.

Verizon Communications 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

Following our analysis of the options activities associated with Verizon Communications, we pivot to a closer look at the company’s own performance.

Verizon Communications’s Current Market Status

• Currently trading with a volume of 7,127,253, the VZ’s price is up by 1.1%, now at $45.42.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 22 days.

What The Experts Say On Verizon Communications

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $46.5.

Unusual Options Activity Detected: Smart Money on the Move

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* An analyst from Scotiabank persists with their Sector Perform rating on Verizon Communications, maintaining a target price of $48.
* An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $45.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Verizon Communications with Benzinga Pro for real-time alerts.