What the Options Market Tells Us About Verizon Communications
Portfolio Pulse from Benzinga Insights
Investors have shown a bearish stance on Verizon Communications (NYSE:VZ) through significant options trading activity, as detected by Benzinga's options scanner. The trading sentiment is split with 33% bullish and 66% bearish, focusing on a price range of $35.0 to $45.0 for VZ over the next three months. Notable options trades include both puts and calls with varying sentiments and strike prices. Verizon's current market position shows a slight price increase with a neutral RSI, and its next earnings report is due in 4 days. Analyst opinions on VZ are mixed, with target prices ranging from $39 to $48.
April 18, 2024 | 2:50 pm
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NEGATIVE IMPACT
Significant bearish options trading activity detected for Verizon Communications, with a price target range of $35-$45 over the next three months. Mixed analyst ratings with recent upgrades and consistent evaluations.
The bearish sentiment in options trading, combined with the upcoming earnings report and mixed analyst ratings, suggests potential short-term downside risk for VZ. The significant amount of money involved in these trades indicates that investors may have substantial expectations of price movements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100