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Dan Nathan Sees Unusual Options Activity In XOP

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On CNBC's "Options Action," Dan Nathan spoke about unusually high options activity in SPDR S&P Oil & Gas Explore & Prod. (ETF) (NYSE: XOP).

When the stock was trading around $33, a trader sold to close 25,000 contracts of the June 32/26 put spread and bought to open 10,000 of the July 32 puts for $0.90. The trade breaks even at $31.10, or 5.70 percent lower than the current market price.

 

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Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media