NYSE:VZ   Verizon Communications Inc
VZ is into a level of tested demand
Sold 42 DTE , Nov 19, 11.59% AROI, 4.24% from underlying price
Yield at strike is a decent 4.78% which is way over the US10Y hurdle rate by 3x

It's pushing below the Feb 2021 spike low, but it seems to be very passive selling to me the past 6 months.
Lots of back filling and retracing to push lower. Like a robot is just refreshing the offer lower.
Trend on the daily is absolutely Down.
But it's into Previous demand and 53. 40 level is where I see -1 sigma value where algos could step in to buy.
I don't mind being long VZ outright, but I like the idea of bidding for 52.50 even better.
Because if it goes to 51.55 I split the difference.

It's a down day into new lows and that's the best time to sell put premium, so I did.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.