Dan Nathan Sees Unusal Options Activity In Ebay

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CNBC Options Action's Dan Nathan
said on the show that he noticed unusually high options volume in
eBayEBAY
. More than two times average daily options volume was achieved on Thursday and the most traded were the September 54 weekly puts. The premium for these options was $0.35 which means that the trader expects to see eBay at $53.65 on the expiration. Dan Nathan thinks that it looks like this is a short term protection for a long position in eBay because it is quite possible that the stock would trade lower if a rumor of Apple's entry in the mobile payment segment proves to be true. This news is bad for PayPal and eBay recently announced that it is planning to spin out this segment.
Posted In: CNBCMediaDan NathanOptions Action
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