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Dan Nathan Sees Unusual Options Activity In Square

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On CNBC's "Options Action", Dan Nathan spoke about unusually high options activity in Square Inc (NYSE: SQ). Put options outnumbered call options 1.5 to 1 and Nathan noticed a large put options purchase, when the stock was trading at $54.70.

A trader bought 1,500 contracts of the June 52.50 put for $2.00. The breakeven for the trade is at $50 or 9.24 percent below the current stock price.

Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media

 

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