Baller of the Day

Williams Companies (WMB) saw huge volume in the October 57.50 calls, with over 50,000 trading..Stock dropped 0.83, while the calls actually increased 0.08 ! IV popped from 40.73 to 44.83 due to the huge buying pressure.

Sets up a nice covered call opportunity, buy shares/sell stock, if one wants to lean with the call flow while still capturing the IV spike.

Posted to Options & Volatility on Aug 03, 2015 — 5:08 PM

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