Dan Nathan Sees Unusual Options Activity In Disney

Dan Nathan spoke on CNBC's "Options Action" about unusually high options activity in Walt Disney Co DIS. The call options volume was twice the put options volume and traders were very active in the weekly call options.

Nathan said that traders bought 3,000 contracts of the September weekly, 101 strike calls for $1.50. The trade breaks even at $102.50 or 0.89 percent above the closing price on Tuesday.