Williams Sanoma (WSM) adds 75 cents to $39.35 and one strategist collects 60 cents on Mar 36 – 41 strangle, 5000X. The position looks opening and comes after the retailer said today that it will release earnings on the morning of March 8. The strangle has traded 10000X so far and appears to be a new position. Levels of implied volatility in WSM are roughly 33 percent and in the 26th percentile of the 52-week range, which is 71 (8/8) to 28 (5/26).
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.