Williams Companies (WMB, news, chart, volatility) January 17.5 calls were actively traded Wednesday. With shares of the natural gas company down 44 cents to $15.87 on the day, 11,884 contracts traded. 85 percent traded offerside and open interest increased by 8,914. The bullish trading could be a play on today’s natural gas inventory data, which is due out at 10:30 ET. Natural gas prices are up 10 cents to $5.98 ahead of today’s report.

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