Dan Nathan Sees Unusual Options Activity In General Motors

CNBC's "Options Action," Dan Nathan spoke about unusually high options activity in General Motors Company GM on Tuesday. Puts outnumbered calls two to one and there were a couple of different trades that caught Nathan's attention during the day.

He focused on a bearish roll from the January 2020, $30 strike puts to the November $30 puts. Around 10,000 contracts were traded for 38 cents. The trade breaks even at $29.62 or 12.68% lower from the current stock price.

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