Dan Nathan Sees Unusual Options Activity In Halliburton
Dan Nathan spoke on CNBC's Options Action about a bearish options activity in Halliburton Company (NYSE: HAL) on Monday. Put options volume was almost three times higher than the call options volume and there was one particularly large trade that caught Nathan's attention.
He noticed a purchase of 5,000 contracts of the December 49 puts for $1.45. The trade breaks even at $47.55 or 2.56 percent below the closing price of Halliburton on Monday. Nathan explained that this trade could have been a hedge against a long position in the name, ahead of the OPEC meeting, or it could have been an outright bearish bet.
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