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What the Options Market Tells Us About Williams Companies

Author: Benzinga Insights | March 26, 2024 11:46am

Financial giants have made a conspicuous bullish move on Williams Companies. Our analysis of options history for Williams Companies (NYSE:WMB) revealed 8 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $275,070, and 2 were calls, valued at $90,178.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $33.0 and $42.0 for Williams Companies, spanning the last three months.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Williams Companies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Williams Companies's substantial trades, within a strike price spectrum from $33.0 to $42.0 over the preceding 30 days.

Williams Companies Call and Put Volume: 30-Day Overview

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
WMB PUT SWEEP BEARISH 06/20/25 $33.00 $104.5K 921 962
WMB CALL SWEEP BULLISH 06/20/25 $42.00 $62.6K 1.2K 461
WMB PUT TRADE BEARISH 06/20/25 $40.00 $39.6K 5 667
WMB PUT TRADE BULLISH 06/20/25 $40.00 $39.6K 5 513
WMB PUT TRADE BULLISH 06/20/25 $40.00 $39.6K 5 266

About Williams Companies

Williams Companies is a midstream energy company that owns and operates the large Transco and Northwest pipeline systems and associated natural gas gathering, processing, and storage assets. In August 2018, the firm acquired the remaining 26% ownership of its limited partner, Williams Partners.

Having examined the options trading patterns of Williams Companies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Williams Companies's Current Market Status

  • With a volume of 1,188,805, the price of WMB is down -0.41% at $38.05.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 36 days.

Expert Opinions on Williams Companies

1 market experts have recently issued ratings for this stock, with a consensus target price of $40.0.

  • Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Williams Companies with a target price of $40.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Williams Companies, Benzinga Pro gives you real-time options trades alerts.

Posted In: WMB

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