A whale with a lot of money to spend has taken a noticeably bullish stance on Verizon Communications.
Looking at options history for Verizon Communications VZ we detected 22 strange trades.
If we consider the specifics of each trade, it is accurate to state that 59% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $990,359 and 17, calls, for a total amount of $938,486.
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 $30.0 to $47.0 for Verizon Communications over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Verizon Communications options trades today is 6819.06 with a total volume of 17,874.00.
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 $30.0 to $47.0 over the last 30 days.
Verizon Communications Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| VZ | PUT | TRADE | BULLISH | 01/20/23 | $45.00 | $733.9K | 26.6K | 2.3K |
| VZ | PUT | TRADE | BULLISH | 01/20/23 | $45.00 | $167.5K | 26.6K | 2.8K |
| VZ | CALL | SWEEP | BEARISH | 01/19/24 | $45.00 | $150.0K | 11.4K | 949 |
| VZ | CALL | TRADE | BULLISH | 01/17/25 | $33.00 | $143.4K | 347 | 142 |
| VZ | CALL | TRADE | BULLISH | 01/20/23 | $30.00 | $107.1K | 533 | 172 |
Where Is Verizon Communications Standing Right Now?
- With a volume of 11,461,456, the price of VZ is up 1.63% at $42.38.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 18 days.
What The Experts Say On Verizon Communications:
- Morgan Stanley upgraded its action to Overweight with a price target of $44
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Verizon Communications, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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