Learn the trade here. Make it on tradeMONSTER

Options Trading News

February 21, 2014  Fri 9:16 AM CT

WMB: SEE CHART GET CHAIN FIND STRATEGIES
Short-term put buying tops today's option activity in energy-infrastructure company Williams.

More than 19,000 of the February Weekly 41.50 that expire a week from today puts have traded, most of them bought for $0.43. There was no open interest at that strike, so these are new positions. The volume at that strike is more than the total daily average in the name for the last month.

These puts could have been purchased to hedge a long position or make a straight bearish bet. Either way, they will expire worthless if shares remain above $41.50 by the end of next Friday's session. (See our Education section)

WMB is down fractionally to $41.92 today, continuing to trend higher from support at $34 in the last two months. The company reached 52-week highs yesterday after reporting earnings.

Share this article with your friends


Related Stories

WMB

Cramer: Bargains from the selloff

July 10, 2014

Remember what worked last quarter--not just the stocks, but the themes as well, such as oil-and-gas pipelines and production, mergers and acquisitions, new drugs, and old tech.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Why traders hedge with sector ETFs

Many people who are not familiar with options think that they increase risk, but their first and primary purpose is...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER