Shares of Enterprise Products Partners (EPD) are up.31 to 62.46 today.? EPD is in the upper end of the 52 week range.
Today paper traded 1,023 Jan 2015 EPD Jan 2015 50 calls for 13.00-13.5. The ADV is 1,842 contracts.? The OI is 234 contracts.
The volume started as a buyer lifting the offer then placing a bid. The volume walked up to 13.50 and most of the paper today on a heavy volume day is buying calls.? Overall the play looks bullish in a high dividend stock.
30-day implied volatility is 16%.? ?10-day implied volatility is 11%.? 30-day implied volatility is trading below the 10-day historical volatility.
Enterprise Products Partners L.P. (Enterprise) owns and operates natural gas liquids (NGLs) related businesses of Enterprise Products Company (EPCO).