VZ

Verizon Communications Inc.

VZ KEY LEVELSCaptured 2026-10-20 02:27 ET

$44.25VZ last, delayed, 2026-10-19 15:59 ET

-1.43%Change as of 2026-10-19 15:59 ET, delayed

$4.2MNet dealer gamma, Positive gamma

45Call wall, largest gamma strike at $3.3M net

43.5Put wall

The price and the session change are a point-in-time snapshot taken at the time shown. The gamma levels run on a different clock: they are computed 2026-10-20 02:27 ET from the open interest carried on the option chain at that time and are not intraday values. Dealer positioning is an assumption, not an observable: open interest shows that a contract exists, never which side a dealer holds. How dealer gamma is computed.

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As of 2026-10-20 02:27 ET, SquawkFlow published VZ at $44.25 (-1.43% delayed, as of 2026-10-19 15:59 ET), net dealer gamma of $4.2M, a call wall at 45, a put wall at 43.5 and a zero-gamma flip at 44.5. The gamma figures are computed 2026-10-20 02:27 ET from the open interest carried on the option chain at that time; dealer positioning is an assumption, not an observable. Source: SquawkFlow, https://squawkflow.com/ticker/VZ.

TechnologyTelephone Communications, excluding Radiotelephone

MARKET SNAPSHOT

LAST, DELAYED, 2026-10-19 15:59 ET

$44.25-1.43%

Change as of 2026-10-19 15:59 ET, delayed

Volume 16.1M

DEALER GAMMA (GEX)

Call Wall	45
Put Wall	43.5
GEX Flip	44.5
Swing Line	44.5
Net GEX	$4.2M

Positive gamma

Cached snapshot as of 2026-10-20 02:27 ET, live streaming data in the terminal.

VZ DEALER GAMMA BY STRIKE

Part of the SquawkFlow GEX Calculator: gamma by strike for any US stock. Compare with SPX GEX.

Net gamma exposure at each strike near VZ's spot price, signed from the dealer perspective, calls positive, puts negative. Green strikes are where hedging tends to dampen moves; red is where it tends to amplify them. Dealer positioning is an assumption rather than an observable, so treat these as a map of where hedging pressure concentrates, not a forecast.

Unit: USD of dealer gamma per 1 percent move in spot. A window of the VZ option chain, not the whole book: the 30 strikes nearest spot out of 54 seen, 204 contract rows spanning 2 expirations. Gamma is taken as the chain publishes it per contract; nothing here is re-priced. Crossed with the open interest carried on that chain.

New to these levels? Start with the call wall and put wall, or the zero gamma level where the sign of dealer hedging flips.

SORT

All captured expirations. Chain as of 2026-10-19 19:59:54 UTC.

Strike	Net GEX	Call GEX	Put GEX
35	-$3.5K	$24	-$3.6K
36	-$3.5K	$3	-$3.5K
37	-$18.7K	$120	-$18.8K
38	-$24.3K	$755	-$25.0K
39	-$23.4K	$409	-$23.8K
39.5	-$173	$0	-$173
40	-$94.4K	$13.7K	-$108.1K
40.5	-$1.1K	$0	-$1.1K
41	-$253.0K	$70.2K	-$323.2K
41.5	-$1.3K	$802	-$2.1K
42	-$478.2K	$225.2K	-$703.4K
42.5	-$617.8K	$267.6K	-$885.4K
43	$2.0M	$3.0M	-$1.0M
43.5PUT WALL	-$1.4M	$1.1M	-$2.6M
44	-$800.1K	$1.3M	-$2.1M
44.5SPOTGEX FLIP	$251.4K	$1.8M	-$1.5M
45CALL WALL	$3.3M	$5.0M	-$1.7M
45.5	$694.1K	$754.4K	-$60.3K
46	$965.1K	$1.4M	-$405.5K
46.5	$115.9K	$434.3K	-$318.4K
47	$146.7K	$309.2K	-$162.5K
47.5	$23.2K	$24.0K	-$782
48	$312.1K	$322.8K	-$10.7K
48.5	$2.8K	$2.8K	$0
49	$71.5K	$72.8K	-$1.3K
49.5	$159	$159	$0
50	$96.2K	$96.6K	-$465
51	$10.4K	$10.4K	$0
52	$4.4K	$4.4K	-$1
53	$2.8K	$2.8K	$0

These levels were captured October 20, 2026 from the open interest carried on the option chain. New levels post before each market open. Today's SPX gamma levels.

ABOUT VZ

Verizon Communications Inc. is listed on the NYSE under the symbol VZ. Its SEC filings list its industry as telephone communications, excluding radiotelephone. Its business address on file with the SEC is in New York, NY.

WHY TRACK VZ ON SQUAWKFLOW

VZ has an active listed options market. This page computes VZ dealer gamma by strike from its listed options chain, with the call wall, the put wall and the Flip Line. The chain behind these figures refreshes a few times each session, and every reading carries the time of the chain it came from.