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.
Options Trading News
Related Stories
WMB
How volatility trader is playing Williams
June 17, 2013
A trader is apparently using a short-strangle position to look for lower volatility in the natural-gas company, which is near multi-month lows.
WMB
Williams sees giant momentum trade
May 22, 2013
The energy-pipeline operator has been trending steadily higher as investors focus on the resurgence of domestic gas production in the United States.
WMB
Largest option buying in equities so far
May 21, 2013
Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.
Social Media
Follow optionMONSTER for news and updates
Premium Services
-
Semi-active traders looking for simple calls and spreads (5 per week).
Learn More -
Entry-to-mid level traders looking for full circle trade analysis (1 per week).
Learn More -
Tailored, one-on-one education designed and led by Jon & Pete (3 months and up)
Learn More
Education & Strategy
Why education is key to options
People get into option trading for a number of reasons, but there are three primary motivations: to increase income, to...
