Dan Nathan Sees Unusual Options Activity In Twitter

Dan Nathan spoke on CNBC's "Options Action" about high options activity in Twitter Inc TWTR.

He said that the options volume in the name was three times the average daily options volume and calls outnumbered puts 4 to 1. There was a lot of activity in the December and the March calls, added Nathan. The largest trade in the March expiration was the purchase of 4,000 contracts of the March 22 calls for $2.35. The trade breaks even on March expiration at $24.35 or 7.84 percent above the current stock price.