Verizon (VZ) is up 44 cents to $31.33 and 13.1K Oct 32.5 calls traded today, compared to open interest of 18.4K. Looks like a mix of both buyers and sellers, with 53 percent hitting ask-side. Top trade is 1,179 contracts on the ISE for 29 cents. Implied volatility is up to 23, from 21.5 yesterday (52-week low = 21.2). The company presented today at the BofA/Merrill Media, Communication, and Entertainment conference.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.