OptionsHouse

Options Trading News

February 28, 2013  Thu 4:14 AM CT

WMB: SEE CHART GET CHAIN FIND STRATEGIES
Williams has been in a steady uptrend for years, but yesterday it was pure fast money.

On Tuesday, optionMONSTER's Heat Seeker tracking system detected unusual activity in the Weekly 34 calls expiring this Friday. Buyers paid as little as $0.08 to open positions, and the largest block priced for $0.17.

Then the fireworks hit yesterday as energy stocks rallied early. Shares of the energy-pipeline operator inched higher throughout the session, at one point appreciating 2.1 percent. But that was nothing compared with the move in those weekly calls, which shot as high as $0.55--a gain of 200 percent.

The move shows the kind of leverage that can be generated with weekly options, short-term contracts designed for timing the market--down to the day and sometimes to the hour. Use our proprietary monitor every day to track these instruments.

WMB ended yesterday's session up 1.66 percent to $34.35.
Share this article with your friends


Related Stories

WMB

Limited gains seen for Williams

April 12, 2016

5,000 Weekly 19 calls expiring on April 29 sold for $0.52 to $0.53.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

The Problem with Trading Earnings

AP Options specializes in Swing Trading. Swing trading is the art of locating short term, quick, aggressive movements in a stock normally created by the technicals but, can be sometimes created by the fundamentals. These trades, at least in this service, last a couple of days to a week in the majority of cases.

View more education articles »