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On CNBC's "Options Action", Dan Nathan spoke about an unusual options activity in iShares MSCI Emerging Markets Index (ETF) (NYSE: EEM). He said the put options volume was pretty high on Wednesday. Puts outnumbered calls 2 to 1.

There was a bullish trade that caught Nathan's attention when the stock was trading at $45.60. A trader bought 13,000 contracts of the June 47 calls for 32 cents. The trade breaks even at $47.32 or 3.52 percent above the current stock price. Nathan added that the stock is trading close to its important support levels.

Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media ETFs


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