Dan Nathan Sees Unusal Options Activity In Dollar General Corp.

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On CNBC's Options Action
, Dan Nathan said that he noticed an unusually high options trading activity in
Dollar General Corp.DG
. Total volume was three times average daily volume and the most active were the November 67.50 call options, with 25,000 traded contracts. Traders paid a premium of $0.95 for this trade which means that they see the stock above $68.45 at the expiration.
Dollar General Corp.
is currently trading approximately 9.5 percent below the breakeven for this trade and Nathan can't see a scenario that would lift the stock price 10 higher. He thinks that relatively low implied volatility might be the reason behind the trade.
Posted In: CNBCMediaDan NathanOptions Action
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