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.
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