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Moderately bullish activity in Verizon with shares up 0.45%

Moderately bullish activity in Verizon (VZ), with shares up 18c, or 0.45%, near $39.41. Options volume running well above average with 123k contracts traded and calls leading puts for a put/call ratio of 0.83, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 0.9 points near 23.91,in the top quartile of the past year, suggesting an expected daily move of $0.59. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at BNP Paribas Exane.

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