Market Overview

Dan Nathan Sees Unusual Options Activity In Apple

Related AAPL
Benzinga's Bulls & Bears Of The Week: Apple, Colgate, Ford, Macy's And More
Jury Rules That Samsung Must Pay Apple $539M In iPhone Patent Case
Dividend Sensei's Portfolio Update 36: To Get Rich First, You Need To Do One Very Important Thing (Seeking Alpha)

Dan Nathan spoke on CNBC's "Options Action" about unusually high options activity in Apple Inc. (NASDAQ: AAPL) ahead of an important event. He said that the options market is implying a 3 percent move in either direction this week.

See Also: Outlook For Apple's Main Event? AR, 3D And A Swankier Siri Tying It Tightly Together

Call options volume was two times put options volume on Monday as a lot of short dated calls were traded. Nathan added that one bullish trade caught his attention. Somebody was rolling up and out, explained Nathan. A trader sold to close 4,000 contracts of the September 160 calls and bought to open 4,000 contracts of the October 162.50 calls for $3.90. The trade breaks even at $166.40 or 3.03 percent above the closing price on Monday.

Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media


Related Articles (AAPL)

View Comments and Join the Discussion!