Big Prints in natural gas producer William’s Companies (WMB), which is up 76 cents to $31.31. One investor apparently sold the May 17 – Jan 22.5 call spread at $5.05, 35000X. Looks like they sold-to-close the May 17s (which were opened in a roll out of Jan11 $12.5 calls on Jan 14 when the stock was around $26.40) to open a new position in the Jan 22.5s. WMB rallied 8.4 percent on 2/17 after earnings were last reported. Shares are up another 4.1 percent since that time. Next earnings due May 4 (after market).
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.