Dan Nathan Sees Unusual Options Activity In Costco Ahead Of Earnings

On CNBC's "Options Action," Dan Nathan spoke about Costco Wholesale Corporation COST. The company is scheduled to report earnings on Thursday after the market closes and the options market is implying a move of 5% in either direction, which is basically the average move over the last four quarters.

See Also: Costco Wholesale's Q4 Earnings Preview

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Nathan said there was a lot of volume in the short-dated calls on Wednesday. It seems that traders were looking for a continuation of the uptrend as calls outnumbered puts two to one.

Costco traded around $286.75 per share at time of publication.

Photo credit: Tony Webster, via Wikimedia Commons