Williams Companies Inc (WMB) $18.58 +2.31%
Williams Companies (WMB) adds 34 cents to $18.50 even as natural gas prices fall to session lows on bearish inventory data Thursday. In the options, seems like one player expects WMB to stay in a range in the months ahead and sold the Nov 18 – 20 strangle at $1.70, 9000X. 10K now traded. Looks opening. Implied volatility in the natural gas producer is down 2.5 percent to 36 today, compared to a 52-week high and low of 52.5 and 27.
Category: All Stocks, Large Cap Stocks, Oil Equipment, Services & Distribution
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
