Dan Nathan Sees Unusual Options Activity In General Electric

On CNBC's "Options Action", Dan Nathan spoke about unusually high options activity in General Electric Company GE. He said that the call options volume was four times daily average call options volume and three times daily put options volume.

He noticed a large trade in the name. Somebody bought 18,000 contracts of the June 29 calls for $0.31. The trade breaks even at $29.31 or 1.28 percent above the current stock price.

Nathan said that he sees a pretty big valuation support in the mid-$20s for the stock.