Dan Nathan Sees Unusal Options Activity In The Coca-Cola Co

Speaking on

, Dan Nathan said that the call options volume in

on Monday was 6 times higher than the put options volume. He noticed a big trade when the stock was trading at $40.25. Somebody bought 7,000 contracts of the April 41 calls for $0.59. The break even for the trade is at $41.59 or 3.22 percent higher from Monday's close. Nathan showed on a chart that $40 is a big support level for the stock and added that the April expiration is going to catch the earnings results of the company. He is hoping to get some guidance about currency risk that the company is facing.