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Dan Nathan Sees Unusual Options Activity In The Regional Banking ETF

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Dan Nathan spoke on CNBC's "Options Action" about unusually high options activity in SPDR KBW Regional Banking (ETF) (NYSE: KRE).

When the stock was trading at $56.11, shortly after the opening on Monday, there was a buyer of 14,000 contracts of the December 57 calls for $0.70. The trade breaks even at $57.70 or around 3 percent above the current market price. Nathan explained that the trader is playing for a break out on the upside, going into the year end.

Posted-In: Dan Nathan Options ActionCNBC Specialty ETFs Options Markets Media ETFs

 

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