William’s Companies (WMB) adds three cents to $30.61 and a noteworthy trade in the natural gas producer is a Jul 32. – 34 call spread at 35 cents, 20000X on ISE. Looks opening and buyer-initiated. Sentiment data indicate a non-customer or firm initiated the trade. The bullish spread might be a play on natural gas; which is down 4 cents to $4.75 today, but up almost 15 percent during the past two weeks.
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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.