Market Overview

Dan Nathan Sees Unusual Options Activity In Visa

Share:
Related V
Credit Card Survey Shows 'Dramatically' Higher APRs, Fewer Fees In 2018
Barron's Picks And Pans: Barnes & Noble, Transocean, Visa, Western Union And More
IBM: Avoid This Poor-Total-Return And Low-Growth Company (Seeking Alpha)

Dan Nathan spoke on CNBC's "Options Action" about unusually high options activity in Visa Inc (NYSE: V). He said that puts outnumbered calls 2 to 1 in Visa on Thursday and it looks to him that somebody was buying protection.

When the stock was trading at $143.73, there was a buyer of 5,000 contracts of the September 143 puts for $1.73. The trade breaks even at $141.27 or 2.24 percent lower.

Posted-In: Dan Nathan Options ActionOptions Markets Media

 

Related Articles (V)

View Comments and Join the Discussion!

CBS, Constellation Brands, Pfizer, Taiwan Semi: 'Fast Money' Picks For September 7

Steve Sosnick's Bearish Kraft Trade