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Dan Nathan Sees Unusual Options Activity In Apple

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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.

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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: Dan Nathan Options ActionCNBC Options Markets Media


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