Call buyers bet on Williams Cos.

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Option traders are betting Thursday that shares of Williams Cos. ( WMB ) will rally. So far, 10,208 contracts of hte Sept. 32 call have changed hands, againt open interest of 274 contracts. Today's volume includes a single trade of 10,000 contracts that moved at 11:17 this morning. Pricing on today's trades has been high in the bid-ask spread, indicating these new contracts were likely initiated from the buy side.

InvestorsKeyhole Trade Alert

IK-> The technicals for WMB ($31.01 up $0.95) are bullish with an upward trend. The stock has support around 30.10 Look at the Cot. 26/28 bull-put spread for a 20-cent credit. That's an 11.1% return and the stock has to fall by 9.7% 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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