Dan Nathan Sees Unusual Options Activity In Intel

On CNBC's "Options Action", Dan Nathan spoke about an unusually high options activity in Intel Corporation INTC. He said that put volume was 1.5 times that of calls, but a purchase of calls caught his attention during the trading session.

Around 4,000 contracts of the April 50 calls were traded for $1.90. The trade breaks even at $51.90 or 6.26 percent higher. There are going to be two earnings reports until the April expiration so the $50 strike is not very far from the current stock price, said Nathan.