Dan Nathan Sees Unusual Options Activity In Halliburton

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Dan Nathan spoke on CNBC's Options Action about a bearish options activity in Halliburton Company HAL on Monday. Put options volume was almost three times higher than the call options volume and there was one particularly large trade that caught Nathan's attention.

He noticed a purchase of 5,000 contracts of the December 49 puts for $1.45. The trade breaks even at $47.55 or 2.56 percent below the closing price of Halliburton on Monday. Nathan explained that this trade could have been a hedge against a long position in the name, ahead of the OPEC meeting, or it could have been an outright bearish bet.

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Posted In: CNBCOptionsMarketsMediaDan NathanOptions Action
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