Verizon Stock Looks to Snap Losing Streak After Earnings

Group 1 - Verizon Communications Inc (NYSE:VZ) stock increased by 3.6% to $42.63 after reporting second-quarter earnings of $1.22, surpassing estimates of $1.18, along with a revenue beat [1] - The stock is attempting to end an eight-day losing streak, marking its best single-day percentage gain since March 7, and is bouncing off its lowest level since February [2] - Year-to-date, Verizon shares have a slim lead of 5.7% [2] Group 2 - The equity's 50-day call/put volume ratio of 5.51 is higher than 91% of readings from the past year, indicating a more bullish sentiment among options traders [3] - Today's options activity shows 63,000 calls and 16,000 puts traded, which is four times the typical volume for this time [4] - The most popular option is the weekly 7/25 42-strike call, with positions currently being opened [4]