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Dan Nathan Sees Unusual Options Activity In Tesla

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On CNBC's "Options Action," Dan Nathan said put options volume in Tesla, Inc. (NASDAQ: TSLA) on Thursday was 1.5 times the call options volume and there was a trade that caught his attention during the session.

He explained that somebody rolled out from the May 3, 250-strike calls and bought to open the May 10, 250-strike calls for $4.77. The trade breaks even at $254.77 or 4.37 percent above the closing price on Thursday.

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