Dan Nathan Sees Unusual Options Activity In Twitter


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CNBC Options Action's Dan Nathan spoke on the show about a big options trade that he noticed in Twitter Inc (NYSE: TWTR) on Monday. Put options volume was two times higher than the average daily volume and the largest trade of the day was a purchase of 10,000 contracts of the October 19 puts for $0.37.


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The trade breaks even at $18.63 or around 20 percent lower from the closing price on Monday. Nathan believes that Twitter's board can't sell the company below its IPO price of $26. He added that the takeover is going to happen over the next couple of months at he thinks that the price is going to be at least $26.

Posted In: CNBCOptionsMarketsMediaDan NathanOptions Action