Williams (WMB) adds 50 cents to $23.83 and one strategist pays $1.99 for the Feb 23 – 25 strangle, 11149X. This might close a position opened in mid-November when the same strangle was sold-ot-open at $2.66, 14000X. (See 11/15 color). Shares are not much changed and implied volatility is down about 15.5 percent since that time, resulting in 67-cent profit on the strangle.
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.