Sidewinder Update: Williams (NYSE: WMB), American International Group (NYSE: AIG)


Around 10:20 a.m. EST, 8,000 Williams Companies (NYSE: WMB ) February 16 calls and January 12.5 calls changed hands following action we say yesterday morning in a bullish roll-out . It looks like an investor sold to open the February 16 calls, collecting $5.30 per contract, and bought the January 12.5 calls for $9 per contract . WMB is scheduled to announce earnings on Feb. 18 before the market opens, and analysts estimate earnings of 33 cents a share. The company did not announce any other significant news, and the stock is currently up five cents to $21.20 per share.

American International Group (NYSE: AIG )  call options saw significant buying action out of the gate this morning, as the February 29 calls crossed more than 8,300. The largest block of the February 29 calls traded at 10:12 a.m. EST at the ask price of $1.41 per contract.  AIG stock was trading around $28.20 a share. As people were reaching for these calls, a veritable frenzy was taking place.  By 11:30 a.m. EST the stock reverted down to $27.60 a share, but the calls had fallen by an almost equal amount back down to 95 cents, indicating that implied volatility slid after the frenzy faded a bit.

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

This article appears in: Investing , Options

Referenced Stocks: AIG , WMB

Karla Yeh

Karla Yeh

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