Dan Nathan Sees Unusal Options Activity In Twitter Inc

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Dan Nathan spoke on CNBC's Options Action

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about unusually high options activity in Twitter Inc (NYSE: TWTR) on Monday. The company is due to report earnings on Tuesday and the options market is implying a 11 percent one day move. Nathan added that the stock has moved 16 percent on average over the last 5 quarters. Nathan noticed one big trade on Monday. A trader bought 2,000 contracts of the May 39.50 put options for $0.10. The trade breaks even at $39.40 or approximately 24 percent lower from the current price. Nathan explained that the options market is pricing in only a 5 percent chance that this option expires in the money. He added that this is not usually a good way to trade options. Nathan has a long stock position in

Twitter Inc and he is going to close it and buy a call spread to limit his risk.