Dan Nathan Sees Unusual Options Activity In First Solar, Inc.

On

, Dan Nathan spoke about high options volume in

. He noticed that calls outnumbered puts 4 to 1 on Wednesday. When the stock was trading at $68, there was a buyer of 5,000 contracts of the April 75 calls for $1.90. The breakeven for the trade is at $76.90 or approximately 12 percent higher from the current price. Nathan added that the trader is playing for a break out in the stock.