Big Prints in Williams Companies (WMB) after one strategist bought 15,000 July 23 puts at 11 cents and bought 28,000 Aug 35 calls at 7 cents. The put purchase appears to be a new position. The calls might close, as open interest is 59,002 contracts and currently the second largest position in the natural gas producer.Shares are down 18 cents to $29.05 today and down about 7.5 percent since earnings were reported on 5/4.
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.