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Dan Nathan Sees Unusual Options Activity In T-Mobile

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Dan Nathan spoke on CNBC's "Options Action" about unusually high, bullish options activity in T-Mobile US Inc (NASDAQ: TMUS).

He said that when the stock was trading at $61, there was a buyer of 20,000 contracts of the October 67.50 calls for 32 cents. The trade breaks even at $67.82 or 9.74 percent above the closing price on Monday.

Nathan believes T-Mobile could be a takeover target. He added that the implied volatility in the name increased significantly on Monday.

 

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Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media