Author argues Verizon's widespread network outage will cause subscriber churn and earnings damage, proposing short-dated VZ puts.
Unpriced research observations (excluded from Calls and Returns):
VZ — SHORT The author claims Verizon's current outage affecting over 130,000 users (likely an undercount) will shock users into switching carriers, hurting earnings. Prior similar outages triggered FCC investigations, adding regulatory risk. He proposes buying short-dated $39.5 VZ puts expiring 1/16 to profit from a near-term decline. ambiguous_option_contract
Short dated puts on Verizon, they just screwed up 130,000+ phones, last time this happened triggered an FCC investigation.