Sidewinder Update: Williams Companies (NYSE: WMB)


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Hefty options volume has already crossed the tape in Williams Companies Inc. (NYSE: WMB ) with the stock relatively unchanged at $21. At 9:47 a.m. EST, an investor rolled a long call position in the natural gas transporter up and out. The investor sold 52,800 of the front-month February 10 calls (home to current open interest of 60,800 contracts) and simultaneously bought to open the May 16 calls 58,800 times, collecting $5.73 for the roll-out.

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

This article appears in: Investing , Options

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Karla Yeh

Karla Yeh

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