Verizon Communications (VZ) Options Chain

NYSE: VZTelecommunicationsTelecommunications EquipmentUSD

41.65-3.99 (-8.75%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $41.65
Put/call ratio (OI): 0.70
Put/call ratio (volume): 0.40
ATM implied volatility: 29.0%
Expected move: ±$6.20
Open interest (C / P): 135.32K / 95.24K

VZ options summary

The VZ options chain for the January 15, 2027 expiration lists 25 call and 25 put contracts, with 96 days until expiration. Open interest stands at 135,321 calls and 95,243 puts, a put/call ratio of 0.70, which is fairly balanced between calls and puts. At-the-money implied volatility near the $42.00 strike is 29.0%, which implies the market expects a move of about ±$6.20 (14.9%) in Verizon Communications stock by expiration.

The most open interest sits at the $45.00 call (31.85K contracts) and the $35.00 put (16.29K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

VZ options chain · January 15, 2027

VZ calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
28	115	87.2%	26.45	20.95	22.90	20.00	0.00	0.40	0.01	81.8%	8	327
2	175	66.3%	23.55	17.55	20.10	23.00	0.00	0.00	0.02	25.0%	2	0
9	115	59.8%	21.30	15.60	18.10	25.00	0.00	0.09	0.01	51.6%	31	1,406
1	1	83.0%	17.41	13.05	17.00	28.00	0.03	0.10	0.06	42.3%	20	1,970
7	35	69.0%	15.70	10.75	12.85	30.00	0.10	0.19	0.10	40.8%	32	8,204
1,563	181	45.9%	9.20	8.45	9.40	33.00	0.21	0.29	0.26	34.4%	44	4,079
2,409	711	42.3%	7.35	7.00	7.65	35.00	0.35	0.47	0.41	32.0%	703	16,291
1,181	103	37.8%	4.81	4.55	5.25	38.00	0.92	1.05	0.95	30.0%	1,281	12,355
7,095	1,530	32.1%	3.50	3.25	3.60	40.00	1.51	1.66	1.62	28.6%	1,308	16,110
166	474	34.3%	2.71	2.71	3.25	41.00	1.92	2.17	2.04	29.2%	632	2,172
VZ $41.65
6,151	1,459	29.0%	2.21	2.16	2.32	42.00	2.40	2.68	2.55	29.1%	438	8,160
307	808	28.3%	1.82	1.71	1.84	43.00	2.92	3.25	3.10	29.0%	207	2,023
751	348	28.8%	1.37	1.32	1.53	44.00	3.60	3.85	3.82	28.4%	171	1,539
31,852	1,800	27.3%	1.10	0.95	1.11	45.00	4.30	5.45	4.35	39.6%	639	7,452
1,469	865	27.1%	0.83	0.78	0.86	46.00	4.90	5.75	5.35	34.5%	374	1,404
8,033	661	27.6%	0.62	0.56	0.69	47.00	5.90	6.30	6.04	31.5%	29	4,043
4,234	838	27.9%	0.46	0.41	0.55	48.00	6.75	7.15	6.85	32.1%	45	1,244
1,251	280	30.2%	0.34	0.31	0.54	49.00	6.75	8.65	6.90	42.3%	31	913
24,898	2,834	27.7%	0.27	0.26	0.31	50.00	8.40	9.15	8.87	37.3%	206	4,555
9,159	973	27.4%	0.14	0.13	0.14	52.50	10.40	12.20	11.55	52.2%	4	520
15,526	1,007	29.7%	0.09	0.07	0.10	55.00	12.35	14.45	9.90	53.9%	20	232
4,118	1	34.0%	0.06	0.03	0.11	57.50	15.30	16.95	16.24	59.1%	30	64
5,758	36	34.9%	0.04	0.01	0.07	60.00	17.75	19.75	10.38	69.1%	2	53
7,182	210	37.9%	0.03	0.03	0.04	65.00	22.75	23.70	23.40	54.5%	8	110
2,171	2	43.2%	0.02	0.00	0.04	70.00	27.35	29.70	24.50	53.8%	1	17

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the VZ put/call ratio?

For the January 15, 2027 expiration, the VZ put/call ratio based on open interest is 0.70 (95,243 puts vs 135,321 calls), and 0.40 based on today's volume. A ratio above 1 means more puts than calls.

What is VZ's implied volatility?

At-the-money implied volatility for VZ options expiring January 15, 2027 is about 29.0%, an annualized estimate of how much the market expects Verizon Communications stock to move.

How many VZ option expiration dates are there?

VZ has 16 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.