Market Overview

Dan Nathan Sees Unusual Options Activity In Exxon Mobil


Dan Nathan spoke on CNBC's Options Action about an unusually high options trading volume in Exxon Mobil Corporation (NYSE: XOM).

He said that the call options volume was 1.5 times higher than the put options volume and he noticed one particularly big trade when the stock was trading at $86.50 on Monday. A trader bought 2,000 contracts of the December 88 calls for $1.37. The trade breaks even at $89.37 or 3.3 percent higher from the underlying stock price.

Nathan added that Exxon Mobil is down 9 percent from its 52-week highs and Energy Select Sector SPDR (ETF) (NYSE: XLE) is trading at its 52-week highs.

Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media


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