VZVerizon Communications
Options Analysis Report•TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)
Market Cap $194.6B|NYSE
● 2026-04-17$46.55
BULLISH
Analysis: 2026-04-16 EOD data
1Y +8.4%YTD +14.9%7D +1.1%
Options Vol
87,330
30D
Implied Move
±9.0%
IV Rank
57%
VZ Options Overview
IV is low with bullish flow and unusual activity. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.2
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks7/9 checks passed
IV Rank
≤35%IV Rank 13.0% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.15x — IV premium over HV
Sector Relative≤50%
Sector percentile 7% — below sector median
Term Structure
<1.1xFront/Back 1.02x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 26.8% — normal range
Spread-Adjusted Value
<80%Effective IV 43.6% (ATM 26.8% + spread 8.4% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 12.97% (spread 8.41% + slippage 4.56%) — high friction
Vega Efficiency
≥5.0Vega efficiency 6.97 (vega 5.858 / spread 8.41%) — acceptable
Sentiment
Bullish or bearish?
6.7
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: +9%, Raw: +11%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +9% (neutral) — Raw: +11%
OI Skew Magnitude
≥15%|OI skew| 8.1% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +40.3%, OI skew +8.1% — aligned
Conviction Quality
≥2/3 conditions0-DTE 23%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +36%, ATM: +9%, OTM: +10% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 56% — bearish vs sector
Activity
Unusual activity?
5.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 1.1x avg — normal
Turnover Rate
≥15%Vol/OI 7.7% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +8.6% (5d) — building
Sector Relative≥60%
Sector activity percentile 56% — neutral vs sector
Trade Quality
≥30%Large trade volume 34% — institutional presence
Execution Urgency
≥60%Aggressive execution 57% — patient
Flow Conviction
≥30Conviction +9 (bullish) — mixed
Liquidity
Can I trade efficiently?
5.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks5/8 checks passed
Tradeable Spread
≤5.0%Spread 8.4% — wide
Adequate OI
≥10,000OI 1,129,853 — deep
Active Volume
≥500Volume 87,330/day — active
Reasonable Cost
≤$0.50$0.42 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 18% — much tighter than sector
Order Book Depth
≥100 contractsDepth 430.70000000000005 contracts (bid:237.9 ask:192.8) — adequate
Execution Quality
<1.0%Avg slippage 4.56% — poor
Timing
Is now a good time?
6.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +1.7% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 13% — buyer opportunity
Event Detection
≥10pts kinkIV kink -2.3pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 238.13 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 10d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +9% @ 54% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 64 (ITM 20% + inst 34%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls7.0
bullishIV cheap, bullish flow
Long Puts5.5
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.3
bullishIV too cheap, bullish flow
Covered Call4.1
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.