Market Overview

Dan Nathan Sees Unusual Options Activity In Square

Related SQ
Payments Earnings Preview: Square, Global Payments, Worldpay Are 'High-Conviction' Names
Delta, FedEx, Square, Viacom: 'Fast Money' Picks For October 17
How To Invest In A Stock Market Correction: Focus On Relative Strength (Investor's Business Daily)

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


Related Articles (SQ)

View Comments and Join the Discussion!

Mark Sebastian's Russell 2000 Trade

Economic Data Scheduled For Thursday