Dan Nathan Sees Unusual Options Activity In United States Steel

Dan Nathan spoke on CNBC's "Options Action" about unusually high options activity in United States Steel Corporation X. He explained that call options volume was three times average daily volume and calls outnumbered puts 4 to 1.

Shortly after opening on Wednesday, there was a buyer of 10,000 contracts of the June 22 calls for 96 cents. The trade breaks even at $22.96 or 11.73 percent above the closing price on Wednesday.