Mar. 28 at 12:15 AM
Institutions are snapping up those May
$46 puts on
$VZ, about 14k contracts today
That's a cool
$1.14M in premium
Stock only dipped 0.85% so it's looking like measured hedging, not panic selling
Options flow has been heavy on puts lately, 82% over the past five sessions but no crazy volume spikes
Feels like they're hedging while
$VZ ticks up a bit, up 1.15% over five days
Goldman and Citi just bumped targets to
$55
Plus, the Fractus IoT dispute is sorted
This put action seems more like caution, not a full-on bearish bet
Keep an eye on it but don't jump