Dan Nathan Sees Unusual Options Activity In Herbalife Ltd.

CNBC Options Action's Dan Nathan said on the show that options trading volume in Herbalife Ltd. HLF on Tuesday was three times higher than the average daily options trading volume. When the stock was trading at $55.50, Nathan noticed that a trader sold to close 10,000 contracts of the March 60 calls for $1.10 and bought to open 10,000 contracts of the May 60 calls for $4.70. The May 60 calls break even at $64.70 or 15 percent higher.
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