The Williams Companies, Inc. (WMB)
Overview · Option chain · Volatility · Expected-move history · Earnings
Cboe delayed options data · as of 09:44 UTC · Figures derived from the full chain (722 contracts, 15 expirations) · IV own-history percentile appears after 60 recorded days (28 so far)
Expected move · Nov 20, 2026 (32 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±8.1% (range 65.53–77.03) by Nov 20, 2026. ATM straddle: 5.75 @ strike 70 · ATM IV: 32.1%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 64.15 | -10% | 85.6% | 14.4% |
| 67.72 | -5% | 68.9% | 31.1% |
| 71.28 | +0% | 48.1% | 51.9% |
| 74.84 | +5% | 28.8% | 71.2% |
| 78.41 | +10% | 14.7% | 85.3% |
Model-estimated probabilities of finishing above/below each level at expiration: estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Nov 20, 2026 · lognormal model with zero drift: an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Oct 23, 2026 | 4 | ±3.3% | 29.3% | 28.7K |
| Oct 30, 2026 | 11 | ±4.2% | 26.5% | 58.6K |
| Nov 06, 2026 | 18 | ±6.1% | 31.5% | 13.6K |
| Nov 13, 2026 | 25 | ±7.4% | 33.2% | 8,965 |
| Nov 20, 2026 | 32 | ±8.1% | 32.1% | 153.8K |
| Nov 27, 2026 | 39 | ±8.1% | 29.8% | 101 |
| Dec 18, 2026 | 60 | ±10.0% | 29.6% | 15.7K |
| Jan 15, 2027 | 88 | ±11.5% | 28.8% | 34.7K |
| Feb 19, 2027 | 123 | ±13.7% | 29.4% | 1,682 |
| Mar 19, 2027 | 151 | ±15.8% | 30.6% | 4,075 |
Open interest by strike · Nov 20
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 75 C · 44.3K85 C · 41.0K80 C · 39.6K65 P · 35.6K95 C · 27.0K
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 93 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 72.0% of the time.
Past earnings reactions
Avg |reaction| 2.1% · median 1.8% (20 reports). Two-session close-to-close window; definition
About The Williams Companies, Inc.
The Williams Companies, Inc., alongside its subsidiaries, operates as a prominent energy infrastructure entity, primarily conducting business throughout the United States. The company’s operations are organized into four key segments: Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services. The Transmission & Gulf of Mexico division manages crucial natural gas pipelines such as Transco and Northwest, in addition to natural gas gathering and processing, and crude oil production handling and transportation assets situated in the Gulf Coast. This segment also oversees various petrochemical and feedstock pipelines. Focusing on midstream activities, the Northeast G&P segment handles gathering, processing, and fractionation within the Marcellus Shale region, predominantly in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment delivers gas gathering, processing, and treating services across the Rocky Mountain areas of Colorado and Wyoming, the Barnett Shale in north-central Texas, the Eagle Ford Shale in South Texas, the Haynesville Shale in northwest Louisiana, and the expansive Mid-Continent region (including the Anadarko,
Energy · Oil & Gas Midstream · NYSE · Profile: Financial Modeling Prep
WMB news
All news →China's economic growth picked up in the third quarter, recovering from a three-year low as booming exports mitigate a deepening economic slowdown at home
The growth of the Chinese economy picked up pace in the third quarter, although poor consumer confidence and property market woes continue…
WSJ · Oct 18, 22:30 UTC ↗Brace Yourself for the Priciest Holiday Travel Season in Years
Jet-fuel expenses have surged by tens of billions of dollars, but carriers say households are absorbing the increase in fares.
WSJ · Oct 18, 05:30 UTC ↗The AI Stock Market Wobble Is a Reminder: This Time Isn't Different
The artificial intelligence build-out hasn't shown it can avoid the problems of past massive capital projects, such as railways and the…
WSJ · Oct 18, 05:30 UTC ↗The Fed is between a rock and a hard place, Jason Katz says
UBS managing director Jason Katz and Empower chief investment strategist Marta Norton preview the Federal Reserve's reading of inflation on…
Fox Business · Oct 18, 00:00 UTC ↗The AI bubble is about to burst — and a big market correction is coming
On Jan. 1, 2000, the world got a reprieve from a much-hyped technological Armageddon when it turned out the Y2K crisis wasn't a crisis…
New York Post · Oct 17, 20:21 UTC ↗Related securities · Energy
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