Dominion Resources Inc. (D) was trading up .10 today to 53.39.
Today, paper traded the D Apr 55 calls on split prices of .25 and .30 for 2,184 and 2,185 contracts.? Average volume was over 800 contracts per day.? Open interest is 3,490 contracts on the strike.? The implied volatility was up .7 points today in Apr. The trade looks to be a call seller overwriting a stock position but that is not totally clear from today?s volume, which was over 6,900 contracts with? most of that on the buy side outside the blocks.
30-day implied volatility is 12%.?? 10-day implied volatility is 7%.? 30-day implied volatility is trading well over the 10-day historical volatility.?
Dominion Resources, Inc. (D) is a producer and transporter of energy.