Dan Nathan Sees Unusal Options Activity In IMAX Corporation

CNBC's Options Action's Dan Nathan

about Monday's options trading volume in

. Options traded 20 times average daily volume and the action was predominantly in call options. The most of this volume was done in one trade. A trader sold 20,000 August 26 call options and bought 20,000 December $30 calls for $0.95. Dan Nathan explained that that trade breaks even at $30.95. When you look at the chart you'll see a stock that as underperformed the market and the break even for this trade was right below previous 52-week high. IMAX gained 0.22 percent Monday and it closed at $26.89.