Dan Nathan Sees Unusual Options Activity In Verizon Communications Inc.

by Benzinga Staff
October 15, 2015 7:20 AM | 1 min read

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

CNBC Options Action's Dan Nathan analyzed on the show a bearish options bet in Verizon Communications Inc. (NYSE: VZ).There was a big purchase of puts when the stock was trading at $44.17. A trader bought 12,000 of the November 42 puts for $0.32. The trade breaks even at $41.68 or approximately 5.5 percent lower from the current stock price. Nathan added that Verizon Communications Inc. is reporting earnings on October 20th. He believes that this trade could be a hedge ahead of the earnings report because the break even for the trade is close to important support for the stock.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

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Posted In: CNBCMediaDan NathanOptions Action

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