Stocks quoted in this article:
Through its flagship brand and its Pottery Barn and Hold Everything operations, Williams-Sonoma (WSM – 25.75) sells upscale kitchenware and home furnishings and accessories. This morning, officials at the retailer said the firm came through the holiday shopping season in fine form and will likely report fourth-quarter earnings of 78-79 cents per share. Wall Street expected to see 75 cents per share. The company also said year-end earnings would come in just under $1.00 per share, with total sales for 2000 reaching $1.73 billion.
The stock was halted briefly at the open but soon gapped 2.75 points, or 12 percent, to the upside. If the stock manages to inch above the 26 level, it will overcome its converging 10-day and 20-day moving averages, trendlines WSM breached during Wednesday's trading.
Options players have not been terribly active on the stock. The site of heaviest open interest is currently the near-the-money May 25 call, where nearly 2,000 open contracts reside. The second-most active option is the March 22.50 put, home to 550 open positions.