Verizon Communications Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bearish position on Verizon Communications (NYSE:VZ) has been spotted, with 14 uncommon options trades identified. The overall sentiment is split between 28% bullish and 71% bearish. Whales have been targeting a price range from $28.0 to $55.0 for Verizon over the last 3 months.
June 20, 2023 | 8:46 pm
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A large bearish position has been identified in Verizon Communications (NYSE:VZ), with 71% of the uncommon options trades being bearish. Whales have targeted a price range of $28.0 to $55.0 over the last 3 months.
The large bearish position identified in Verizon Communications indicates that a significant investor or institution expects the stock price to decline in the short term. This bearish sentiment, combined with the targeted price range of $28.0 to $55.0, suggests that the stock price may experience downward pressure in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100