Market Overview

Dan Nathan Sees Unusual Options Activity In Salesforce

Dan Nathan Sees Unusual Options Activity In Salesforce

On CNBC's "Options Action," Dan Nathan spoke about unusually high options activity in, inc. (NYSE: CRM) ahead of the earnings report, scheduled for Tuesday. The options volume in the name was two times the average daily options volume and the options market is implying a 4% move in either direction. The stock moved 4.6% on average over the four quarters.

See Also: Salesforce's Q3 Earnings Outlook

When the stock was trading around $160, shortly after noon on Monday, there was a buyer of 5,000 contracts of the December $150 puts. The trader paid $1.25 for the trade, which sets the breakeven at $148.85 or 7.29% below the current stock price.


Related Articles (CRM)

View Comments and Join the Discussion!

Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at