Looking At Verizon Communications's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Verizon Communications (NYSE:VZ), with a majority of investors taking a bearish stance. The trades include 11 puts amounting to $566,576 and 2 calls amounting to $63,750. Whales have been targeting a price range from $25.0 to $38.0 for Verizon over the last 3 months. The price of VZ is currently down by 2.85% at $33.04, and RSI indicators suggest the stock may be oversold.
July 17, 2023 | 2:47 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Verizon Communications has seen unusual options activity, with a majority of investors taking a bearish stance. The stock price is currently down by 2.85%.
The unusual options activity, with a majority of investors taking a bearish stance, indicates a negative sentiment towards Verizon Communications. This, coupled with the current decrease in stock price, suggests a potential short-term negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100