Dan Nathan Sees Unusual Options Activity In Alibaba
On CNBC's "Options Action," Dan Nathan spoke about unusual call options activity in Alibaba Group Holding Limited (NYSE: BABA) ahead of earnings. The company is due to report earnings on Wednesday.
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The stock fell 4.49 percent on Monday, but call options volume was three times that of puts. Nathan said that the options market is implying a 5 percent move in either direction on earnings and the stock moved 4 percent over the last four quarterly earnings reports.
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