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Dan Nathan Sees Unusual Options Activity In Snap

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On CNBC's "Options Action," Dan Nathan spoke about unusually high options activity in Snap Inc (NYSE: SNAP). He said the call options volume was five times the average daily volume and 3 times that of puts.

See Also: Analyst Optimism Pushes Snap Shares Higher

When the stock was trading around $11, Nathan noticed a purchase of 6,500 contracts of the October 11 calls for $1.85. The trade breaks even at $12.85 on October expiration or 13.92 percent higher from the closing price on Thursday.

Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media

 

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