Dan Nathan Sees Unusal Options Activity In Yum! Brands, Inc.

Dan Nathan said on the show that put options volume in

ran two times daily average volume on Thursday. The most active strike was the February 72.50 puts and traders were paying around $1.50 for it. The break even for this trade is at $71 or 4.5 percent lower. The company is scheduled to post earnings on February 4 and the options market is implying a 4 percent move, said Nathan. He bought the February 72.50 puts on Thursday because he thinks that

is going to trade much lower on the U.S. dollar exposure, China and EEM.