Dan Nathan Sees Unusal Options Activity In Alcoa Inc

Dan Nathan spoke on

about increased options activity in

. The call options volume was 6 times higher than the average call options volume and it was also 6 times higher than the put options volume. The most active options in the name on Tuesday were the September 11 call options, with an average price of $0.53. The break even for this trade is at $11.53 or approximately 4.5 percent higher. Nathan believes that traders who want to play for a bounce in the near term in

should use this strategy and define their risk.