Dan Nathan Sees Unusual Options Activity In Disney

On CNBC's Options Action, Dan Nathan spoke about increased options activity in Walt Disney Co DIS.

He said that the largest trade of the day was a sale of 2,500 contracts of the January 29 weekly, 94 - strike puts for $2.25. The trade breaks even at $91.75 or 2.41 percent lower. Nathan thinks that the stock is trading close to its support, but if it doesn't meet earnings expectations it could decline to $80.