Dan Nathan Sees Unusal Options Activity In Wal-Mart Stores, Inc.

Dan Nathan spoke on the show about unusually high options activity in

. He said that call options volume was twice the put options volume on Thursday and that was a second day in a row. Nathan noticed that the July 75 call options were pretty active on Thursday as 5,000 were traded. He added that 17,000 contracts were traded on Wednesday.

is trading around an important support level and Nathan emphasized that it has been trading in range between $70 and $80 for a while, with an exception earlier in the year when it broke out above $80. Currently, the stock is in a downtrend and Nathan believes that the company has to do something to get investors back.