Dan Nathan Sees Unusual Options Activity In Toll Brothers

On CNBC's "Options Action," Dan Nathan spoke about unusually high options activity in Toll Brothers Inc TOL on Monday. He said total options volume was 15 times the average daily options volume and most of that volume was in calls.

When the stock was trading at $39, there were buyers of 8,000 contracts of the Oct. $41 calls for 43 cents, said Nathan. The trade breaks even at $41.43 or around 2.75% above the current stock price.