Verizon put volume heavy and directionally bearish (TheFlyOnTheWall)
THE FLY 11:35 AM ET 1/23/2020
Symbol Last Price Change
VZ 60.365up -0.115 (-0.19%)
QUOTES AS OF 02:48:44 PM ET 01/23/2020
Bearish flow noted in Verizon(VZ) with 46,869 puts trading, or 12x expected. Most active are Jan-21 40 puts and 1/31 weekly 60 calls, with total volume in those strikes near 45,600 contracts. The Put/Call Ratio is 7.91, while ATM IV is up over 1 point on the day. Earnings are expected on January 30th.