Williams Cos Inc (WMB) has launched new options expiring in February 2027, offering significant trading opportunities. Investors can consider a put contract at a $70.00 strike price, with a current bid of $3.20, effectively lowering the purchase price of the stock to $66.80 if sold. This puts the strike price approximately 3% below the current trading price of $72.48, with a 63% chance that it may expire worthless, potentially yielding a 4.57% return on cash commitment, or 5.87% annualized.
Additionally, there is a call contract available at a $75.00 strike price with a bid of $3.70. If an investor purchases shares at $72.48 and sells this call, they can achieve an 8.58% total return if exercised by expiration. This strike price is also approximately 3% above the current market price, with a 51% probability of the contract expiring worthless, which could provide an additional 5.10% return, or 6.56% annualized.
The implied volatility for the put contract is 27% and for the call, 26%, whereas the actual trailing twelve-month volatility stands at 22%.
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