Whale trading spotted by Verizon Communications | Panda Anku

Someone with a lot of money to spend has taken a bearish stance Verizon Communications vz.

And retailers should know.

We noticed this today when the big position in the history of publicly available options that we are tracking here at Benzinga came up.

Whether this is an institution or just a wealthy person, we don’t know. But when something this big happens to VZ, it often means someone knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga’s options scanner uncovered 13 unusual options deals for Verizon Communications.

That’s not normal.

The overall sentiment of these big money traders is split between 30% bullish and 69% bearish.

Of all the special options we uncovered, 2 are puts totaling $138,360 and 11 are calls totaling $470,521.

What is the course objective?

Considering the volume and open interest in these contracts, it appears that whales have been targeting a $40.0-$45.0 price range for Verizon Communications over the past 3 months.

Volume and open interest development

In terms of liquidity and interest rates, the median open interest for Verizon Communications options trades today is 5206.25 with a total volume of 9,633.00.

In the chart below, we can track the volume and open interest of Verizon Communications big money trade call and put options within a strike price range of $40.0 to $45.0 over the last 30 days.

Verizon Communications option volume and open interest over the last 30 days

Biggest options discovered:









symbol PUT/CALL commercial type feeling Ext. date exercise price total commercial price open interest volume
vz CALL ACT BEARY 10/21/22 $45.00 $77,900 14.9K 1.4K
vz PLACE SWEEP BEARY 09/16/22 $45.00 $71,000 17.2K 3.7K
vz PLACE SWEEP BEARY 01/20/23 $43.00 $67,200 2.7K 0
vz CALL SWEEP BULLISH 10/21/22 $45.00 $65,100 14.9K 2.6K
vz CALL ACT BEARY 01/19/24 $40.00 $60,500 4.2K 354









symbol PUT/CALL commercial type feeling Ext. date exercise price total commercial price open interest volume
vz CALL ACT BEARY 10/21/22 $45.00 $77,900 14.9K 1.4K
vz PLACE SWEEP BEARY 09/16/22 $45.00 $71,000 17.2K 3.7K
vz PLACE SWEEP BEARY 01/20/23 $43.00 $67,200 2.7K 0
vz CALL SWEEP BULLISH 10/21/22 $45.00 $65,100 14.9K 2.6K
vz CALL ACT BEARY 01/19/24 $40.00 $60,500 4.2K 354

Where does Verizon Communications currently stand?

  • With a volume of 18,842,756, the price of VZ is down -1.57% to $43.48.
  • RSI indicators are suggesting that the underlying stock may be approaching oversold.
  • The next earnings are expected to be released in 57 days.

What the experts say about Verizon Communications:

  • MoffettNathanson downgraded its action to Underperform with a price target of $41
  • Cowen & Co. decided to keep its Outperform rating on Verizon Communications, which currently has a price target of $64.
  • RBC Capital has chosen to maintain its Sector Perform rating on Verizon Communications, which currently has a $50 target price.
  • Raymond James has chosen to maintain its outperform rating on Verizon Communications, which currently has a price target of $55.
  • B of A Securities downgraded its action to Neutral with a price target of $51

Options are a riskier asset compared to pure stock trading, but they have higher profit potential. Reputable options traders manage this risk by educating themselves daily, entering and exiting trades, following more than one indicator, and following the markets closely.

If you want to keep up to date with the latest options trades for Verizon Communications, Benzaga Pro gives you real-time options trading alerts.

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