VZ – Verizon Communications, Inc. – Shares of the provider of communications services increased as much as 1.725% during the trading session to secure an intraday high of $30.06, but are currently up a lesser 1.25% on the day to stand at $29.92 as of 2:50 pm ET. Bullish strategists dominated options activity on the stock today with a number of investors scooping up call options in the August and September contracts. Near-term optimists purchased approximately 4,100 calls at the August $30 strike for an average premium of $0.30 each. Traders long the calls make money if, by expiration, Verizon’s shares exceed the average breakeven price of $30.30. Bulls looked to the higher August $31 strike to buy some 3,000 calls for an average premium of $0.05 apiece. VZ’s shares must rally 3.8% over the current price of $29.92 in order for investors long the August $31 strike calls to make money above the average breakeven point at $31.05 by August expiration. Traders expecting shares of the underlying stock to appreciate ahead of September expiration purchased about 2,300 calls at the September $30 strike for an average premium of $0.60 a-pop. Investors long the calls are poised to profit should Verizon’s shares rally 2.3% to first surpass the current 52-week high of $30.53, and ultimately breach the average breakeven point on the calls at $30.60 by expiration day next month.