Verizon Communications (VZ) Long call trade

I'm taking advantage of the fact that Implied volatility is so low in $VZ to buy a long call. This trade has limited risk: 93$ (1.9% of the risk of buying 100 shares) and unlimited reward. Here is the trade:

You can find more trades like this in our options screener.

As we can see, the company distributes dividend next week. If in the money, I can exercise my option to get the stock and then the dividend.

You can read more about trading leap options in our guide with the backtest we did or see another example trade we did here: Long call trade on TEVA.