Mike Khouw's Williams Companies Trade

On CNBC's Options Action, Mike Khouw said that Williams Companies, Inc. WMB had some fairly bullish activity today. He saw a lot of buyers of upside calls, and the most of them were interested in the 30 strike. Mike Khouw usually doesn't like to buy call options on moves like this one, but this situation is different. To buy the March 30 call option in Williams Companies, Inc. (WMB), you would have to pay only $0.40, and the stock would have to move approximately 3.50% higher for you to make money. The March options expire on March 17th. Williams Companies, Inc. (WMB) jumped 1.20% today, and it closed at $29.46.