Option traders moderately bearish in Verizon with shares down 1.2%

Option traders moderately bearish in Verizon (VZ), with shares down 52c near $43.22. Options volume roughly in line with average with 22k contracts traded and calls leading puts for a put/call ratio of 0.22, compared to a typical level near 0.58. Implied volatility (IV30) is higher by 0.0 points near 18.64,and below the 52wk median, suggesting an expected daily move of $0.51. Put-call skew steepened, indicating increased demand for downside protection.

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