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 (NYSE: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.
