As we head into the close of trading this week take some time to check out these great posts covering the world of options...
‘Huge SPY trade Hits!' Complex Volatility play on SPY trades almost 900,000 contracts (Diagonal Spread) (optionMONSTER)
In reaction to the gigantic SPY trade noted above Jared Woodard describes ‘Using Diagonal Spreads to Front-Load Directional Risk' (CondorOptions)
What Volatility should You Use When Valuing an Option? The Buffet Method (WSJ via Don Fishback)
Federal Reserve Statement - Make You Own Judgment on the FOMC Release (378 word count)
Since it's a big weekend for golf fans (last major of the year, the PGA Championship) I couldn't refuse this handy resource from the PGA (PGA Championship Live Stream)
Noteworthy Tweet - Institutional Trade Calling Market Top? Follow Us on Twiiter 
Tag >> Berkshire
The publicly traded stock of Warren Buffett's Berkshire Hathaway began trading options today. Options on the class B shares are out of the gate and off to a great start. As of now sentiment on Berkshire is seemingly bullish, 80% of the volume today is on the call side.
Anyone in the mood to buy a $275 AT THE MONEY Call?!?!? Take a look at the December $2800 Strikes below (BVQLA) 