Verizon Communications Inc. (VZ)
Overview · Option chain · Volatility · Expected-move history · Earnings
Cboe delayed options data · as of 18:45 UTC · Figures derived from the full chain (1,122 contracts, 16 expirations) · IV own-history percentile appears after 60 recorded days (28 so far)
Expected move · Nov 20, 2026 (32 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±6.9% (range 41.35–47.44) by Nov 20, 2026. ATM straddle: 3.04 @ strike 44.5 · ATM IV: 28.8%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 39.96 | -10% | 88.3% | 11.7% |
| 42.18 | -5% | 71.1% | 28.9% |
| 44.40 | +0% | 48.2% | 51.8% |
| 46.61 | +5% | 27.0% | 73.0% |
| 48.83 | +10% | 12.4% | 87.6% |
Model-estimated probabilities of finishing above/below each level at expiration: estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Nov 20, 2026 · lognormal model with zero drift: an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Oct 23, 2026 | 4 | ±2.6% | 31.3% | 65.1K |
| Oct 30, 2026 | 11 | ±5.4% | 38.4% | 34.0K |
| Nov 06, 2026 | 18 | ±5.9% | 33.0% | 10.9K |
| Nov 13, 2026 | 25 | ±7.4% | 35.3% | 7,607 |
| Nov 20, 2026 | 32 | ±6.9% | 28.8% | 88.6K |
| Nov 27, 2026 | 39 | ±7.5% | 28.4% | 1,793 |
| Dec 18, 2026 | 60 | ±8.4% | 25.7% | 148.3K |
| Jan 15, 2027 | 88 | ±10.0% | 24.2% | 240.4K |
| Mar 19, 2027 | 151 | ±13.2% | 25.7% | 45.2K |
| Apr 16, 2027 | 179 | ±14.5% | 25.5% | 19.5K |
Open interest by strike · Nov 20
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 45 C · 36.3K42 P · 25.9K50 C · 21.2K40 P · 19.0K52.5 C · 17.8K
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 93 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 28.0% of the time.
Past earnings reactions
Avg |reaction| 4.0% · median 3.2% (20 reports). Two-session close-to-close window; definition
About Verizon Communications Inc.
Verizon Communications Inc. operates as a prominent global provider of diverse communication, technology, information, and entertainment solutions, catering to individuals, enterprises, and government entities worldwide through its various divisions. Its Consumer segment focuses on individual customers, supplying a broad spectrum of mobile service options, including both subscription-based (postpaid) and pay-as-you-go (prepaid) plans. This segment also facilitates internet access for portable devices such as laptop computers and tablets, and offers a variety of wireless hardware, ranging from smartphones and traditional mobile handsets to advanced wireless-enabled gadgets like tablets and smartwatches. Additionally, it delivers essential residential fixed connectivity services, which encompass internet, television, and voice communication. Verizon also extends its network capabilities by providing access to mobile virtual network operators. As of December 31, 2021, this segment reported approximately 115 million wireless retail connections, 7 million wireline broadband connections, and 4 million Fios video connections. The company's Business segment is dedicated to providing enterp
Communication Services · Telecommunications Services · NYSE · Profile: Financial Modeling Prep
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