Call buyers pick up position on Williams-Sonoma (WSM)

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Option traders are betting on a rise from Williams-Sonoma ( WSM ) Friday. So far 1,280 contracts of the Feb. 57.50 call have changed hands, compared to open interest of 326 contracts. Today's volume has all be priced in the high half of the bid-ask spread, indicating that these new contracts were initiated from the buy side.

InvestorsKeyhole Trade Alert

IK-> The technicals for WSM ($55.00 up $0.55) are bullish with an upward trend. The stock has support about $51.70. Look at the April 45/47.50 bull-put spread for a 30-cent credit. That's a 13.6% return and the stock has to fall by 13.6% to cause a problem. [InvestorsKeyhole, various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com

This article appears in: Investing , Options
Referenced Symbols: WSM

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