Dan Nathan Sees Unusual Options Activity In Disney

Dan Nathan spoke on CNBC's "Options Action" about unusually high options activity in Walt Disney Co DIS. He said that the options volume on Wednesday was 1.5 times the average daily volume and there was one trade in the August expiration that caught his attention.

A trader bought 1,000 contracts of the August 111 calls for $1.10. The trade breaks even at $112.10 or 3.16 percent above the current stock price. The company is going to report earnings on August 8 and Nathan thinks it would be a good idea to use options to make a bullish bet.