Options Update: Verizon and AT&T call spreaders active into ex-dividend

Posted Jul 8th 2009 8:30AM by Paul Foster
Filed under: AT and T (T), Verizon Communications (VZ), Options

Verizon (NYSE: VZ) closed at $29.18 VZ is scheduled to report Q4 EPS on July 27. VZ goes ex-div today. VZ option volume was heavy with 253,943 contracts trading on July 7. VZ July option implied volatility is at 26, October volatility is at 28; below its 26-week average of 37, according to Track Data, suggesting decreasing price movement.

AT&T (NYSE: T) closed at $24.92. T is expected to report Q2 EPS in mid July. T goes ex-div today. T call option volume of 636,846 contracts. July option implied volatility is at 28; October is at 30; below its 26-week average of 39, according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Tags: option implied volatility, OptionImpliedVolatility