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Dan Nathan Sees Unusual Options Activity In Alcoa

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Dan Nathan spoke on CNBC's Options Action about increased options activity in Alcoa Inc (NYSE: AA). The call options volume was 6 times higher than the average call options volume and it was also 6 times higher than the put options volume.

The most active options in the name on Tuesday were the September 11 call options, with an average price of $0.53. The breakeven for this trade is at $11.53 or approximately 4.5 percent higher. Nathan believes that traders who want to play for a bounce in the near term in Alcoa should use this strategy and define their risk.

Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media

 

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