Verizon Communications Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Verizon Communications (NYSE:VZ), with a majority of investors taking a bullish stance. Of the 31 strange trades detected, 61% were bullish and 38% were bearish. The total amount for puts was $3,180,036 and for calls was $239,600. Whales have been targeting a price range from $23.0 to $42.0 for Verizon over the last 3 months. The current price of VZ is up 0.32% at $31.55.
October 10, 2023 | 6:16 pm
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Verizon Communications has seen significant unusual options activity, with a majority of investors taking a bullish stance. The current price of VZ is up 0.32% at $31.55.
The unusual options activity indicates that investors are expecting significant price movement in the stock. The majority of these trades are bullish, indicating that investors expect the price to rise. This could potentially drive the stock price up in the short term. The current price increase of 0.32% also supports this bullish sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100