Verizon Communications (NYSE: VZ) has attracted the attention of a significant investor with substantial resources, who has taken a bearish stance on the company. This noteworthy position was discovered through publicly available options history, which we actively monitor, and it’s worth noting for retail traders who may be interested in the market dynamics.
The identity of this investor, whether an institution or an affluent individual, remains unknown. However, such significant activity surrounding VZ often indicates that someone may possess valuable information regarding upcoming events or market trends.
Let’s delve into the details of this whale’s activity:
- The overall sentiment among these influential traders is divided, with 38% expressing a bullish outlook and 61% leaning towards a bearish sentiment.
- Among the special options we uncovered, there are 5 put options with a total value of $252,991, and 8 call options with a total value of $528,296.
Considering the volume and open interest on these contracts, it appears that these whales have been targeting a price range between $25.0 and $60.0 for Verizon Communications over the past three months.
In terms of liquidity and interest, the mean open interest for Verizon Communications options trades today stands at 4173.73, with a total volume of 6,783.00.
By examining the following chart, we can track the volume and open interest development of call and put options for Verizon Communications within the $25.0 to $60.0 strike price range over the past 30 days.
Verizon Communications Option Volume And Open Interest Over Last 30 Days
Here are the notable options we spotted:
Symbol: VZ PUT/CALL: CALL Trade Type: TRADE Sentiment: NEUTRAL Exp. Date: 08/18/23 Strike Price: $35.00 Total Trade Price: $186.8K Open Interest: 913 Volume: 2
Symbol: VZ PUT/CALL: PUT Trade Type: SWEEP Sentiment: BULLISH Exp. Date: 07/14/23 Strike Price: $37.00 Total Trade Price: $98.9K Open Interest: 1.8K Volume: 51
Symbol: VZ PUT/CALL: CALL Trade Type: SWEEP Sentiment: BULLISH Exp. Date: 01/19/24 Strike Price: $40.00 Total Trade Price: $73.1K Open Interest: 20.5K Volume: 99
Symbol: VZ PUT/CALL: CALL Trade Type: TRADE Sentiment: BEARISH Exp. Date: 07/21/23 Strike Price: $35.00 Total Trade Price: $63.1K Open Interest: 1.2K Volume: 1.1K
Symbol: VZ PUT/CALL: CALL Trade Type: TRADE Sentiment: NEUTRAL Exp. Date: 09/15/23 Strike Price: $25.00 Total Trade Price: $57.7K Open Interest: 0 Volume: 50
At present, Verizon Communications is trading at $36.27, with a volume of 8,980,773, indicating a decline of -0.58%. RSI indicators suggest that the stock may be approaching overbought territory. The next earnings report is expected to be released in 18 days.
Options trading carries higher risk compared to trading the underlying stock, but it also presents greater profit potential. Serious options traders effectively manage this risk by staying informed, employing scaling strategies, using multiple indicators, and closely monitoring market trends.