Verizon's Unusual Options Activity and Stock Plunge: What's Happening?

Unusual options activity has been observed in Verizon Communications, with a significant bearish sentiment. A whale investor has made several trades, with 61% of the trades being bearish. The trades consist of 11 puts and 2 calls, totaling $630,326. The price target for Verizon Communications is estimated to be between $25.0 and $38.0. The volume and open interest data suggest that there has been significant interest in options within this price range. The current price of Verizon Communications is $33.04, with RSI indicators indicating oversold conditions.