The Options Insider

Possible WMB Stock and Call Trade Go Up

by | Aug 3, 2015 | Unusual Activity

5250 WMB Jan 2016 Jan 60 calls went up in 1 block on the ISE.?

Calls trade in WMB- possible stock and call trade go up

WMB

Shares of Williams Companies Inc. (WMB) are down .48 to 51.96 today. ?WMB is near the middle of the 52 week range.

  • Paper traded 5250 WMB Jan 2016 Jan 60 calls for 1.75.
  • The ADV is 3566 contracts.
  • The OI is 64509 contracts.

The volume went up in 1 block on the ISE.? This trade went up on the bid through the auto ex system and stock did go up 147k shares for 52.22 which would be a delta neutral ratio near the same time.? We have a trader unwinding a backspread or selling some upside calls.

  • IV 30 is trading for 42%.
  • HV10 is trading for 27%.
  • IV 30 is trading above the HV 10.

The Williams Companies, Inc. is an energy infrastructure company focused on connecting North America?s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGLs), and olefins.

 

Calls trade in NSAM

NSAM

Shares of NorthStar Asset Management (NSAM) are up .17 to 18.49 today. ?NSAM is near the bottom of the 52 week range.

  • Paper traded 2500/5000 NSAM Aug 17.5/20 call spreads for 1.15 and .20.
  • The ADV is 1828 contracts.
  • The OI is 161 and 2482 contracts.

The volume went up in 2 blocks on the PHLX marked regular.? The ratio call spread looks like a way to finance buying the 17.5 calls.? The trader is selling the 20s to pay for part of the 17.5s.? The opening market on the 20 calls was .00-.45 this morning.? The trade is meant to catch the earnings cycle.

  • IV 30 is trading 39%.
  • HV10 is trading for 18%.
  • IV 30 is trading above the HV 10.

Northstar Asset Management Group Inc. is an asset management company. The Company is focused on managing real estate and other investment platforms in the United States and internationally.

 

Calls and puts trade in MRK- call spreads and puts trade

MRK

Shares of Merck & Co., Inc. (MRK) are down .15 to 58.81 today. ?MRK is trading in the middle of the 52 week range.

  • Paper traded 6400 MRK Jan 60/65 call spreads for 1.35 and Jan 55 puts at 1.50. ??
  • The ADV is 16127 contracts. ?
  • The OI is 20436 and 17772 on the call spreads and 17342 on the puts.

The volume went up in several blocks on the ARCA marked spread. ??The trade as priced has the investor buying the call spread with the 60 calls through the offer and the puts sold on the bid.? There do not look like many entries for a short position on this so even with the high OI it is most likely opening.? The trade would have to be put on in early May to close successfully here now.? The risk reversal is most likely bullish here.

  • IV 30 is trading for 13%.
  • HV10 is trading for 14%.
  • IV 30 is below the HV 10.

Merck & Co., Inc. is a global health care company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products, which it markets directly and through its joint ventures.