Verizon (VZ) adds 8 cents to $38. Options volume is 2.5X the average daily, with 73000 calls and 40000 puts traded on the wireless provider. January 37 calls are the most actives. 17,840 traded (25 percent bid/58 percent ask) vs. (register to read more …) [...]

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AT&T (T) is down 66 cents to $28.28, now the biggest loser in the Dow Jones Industrial Average, and falling to session lows on news Verizon (VZ) will begin offering Apple iPhones beginning early 2011. AT&T shares saw a slide (register to read more …) [...]

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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 (register to read more …) [...]

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Frontier Communications shares are up 2c to $7.89 and notable transactions as both the July and August $5/$7.50 put spreads trades 20,000x in what looks like opening purchases in both cases.

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CenturyTel (CTL) is down 93 cents to $35.27 and options volume is running 12X the recent average daily after the company announced plans to buy Denver’s Qwest Communications (Q), to create the nation’s third biggest local phone service and Internet (register to read more …) [...]

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Verizon (VZ) is up 2.5 percent to $31.21 and the second best gainer in the Dow Jones Industrial Average (behind MMM) after the Wall Street Journal reported that Apple Computer (AAPL) is working on an iPhone compatible with the Verizon (register to read more …) [...]

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Virgin Media (VMED) added 15 cents to $16.70 and a noteworthy trade yesterday was the purchase of 8,100 Jan11 $20 calls at $1.35. Open interest data indicate a new position was established. It was tied to shares at $16.53, delta (register to read more …) [...]

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AT&T (T) is up 14 cents to $25.26 and one player sells 14617 Jan11 25 calls at $1.82. It was tied to shares at $24.99 (on a 50 delta) and might close an existing position, as open interest is 68,540 (register to read more …) [...]

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Virgin Media shares are up 15c to $17.25 and option volume is 6x the daily average being driven by large blocks in the March $15 puts which have traded 5,000 and the June $20 calls which have traded 8,790 contracts. (register to read more …) [...]

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Verizon (VZ) is down 22 cents to $28.80 and one of 28 Dow stocks trading lower late Friday (MSFT and HPQ holding gains). Meanwhile, VZ options are busy, as players jockey for position ahead of earnings Monday, before the open. (register to read more …) [...]

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