Williams Companies attracts call buyers

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Traders are making a bet on shares of Williams Companies ( WMB ) on Wednesday. So far, 1,250 contracts of the Jan. 15 call have changed hands, agaisnt open interest of 649. Prices paid of these contracts are both in the high-half of the bid-ask spread, indicating that these contracts are being initiated from the buy side.

InvestorsKeyhole Trade Alert

IK-> The technicals for WMB ($28.64 down $0.42) are neutral with a sideways trend. The stock has support about $27.00. Look at the Jan. 24/27 bull-put spread for a 20-cent credit. That's a 7.1% return and the stock has to fall by 5.7 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: WMB

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