Watts Water Technologies options volume hits 15-year high as traders target $360
Watts Water Technologies (WTS) saw 2,702 call contracts traded at $360 strike, the highest options volume in 15 years. The stock, at $354.31, has recovered from a 5.96% after-hours drop. Implied volatility fell, suggesting liquid call buying. Q2 earnings beat estimates, and the company is seen as a potential M&A target. InvestingPro notes WTS is overvalued with a P/E of 31.72.


