Dan Nathan Sees Unusual Options Activity In GrubHub

On CNBC's "Options Action," Dan Nathan spoke about unusually high options activity in GrubHub Inc GRUB. He said that put options volume was three times the call options volume and the most active were the September 50 puts.

Around 9,000 contracts of the Sept. $50 puts were traded in small lots on Thursday. The average price was $1.28, which sets the breakeven at $48.72 or around 18% below the current stock price.

GrubHUb's stock traded higher by 1.7% at $59.49 at time of publication.

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Photo courtesy of GrubHub.