Verizon (VZ) is flat at $28.71 and saw a spike about 30 minutes ago on news the phone company will begin offering iPhones in January. Options action is heating up as well, to 3X the average daily. Recent trades include 6500 Oct 31 calls at the 44-cent ask price. 10K now traded. July 29 calls are the most actives, with 14.9K on the tape. A total of 52K calls and 30K puts now changed hands. Implied volatility in VZ is up 12 percent to 21.