Dan Nathan Sees Unusual Activity In Match Group

On CNBC's "Options Action," Dan Nathan spoke about unusually high options activity in Match Group Inc MTCH ahead of earnings. The company is scheduled to report earnings on Tuesday after the market closes and the options market is implying a move of almost 11%. The stock has moved around 14.5% on average over the last four quarters.

See Also: 9 Countries Using Online Dating The Most

When the stock was trading at $71.5, Nathan noticed some activity in the November $85 calls. He said that traders were closing prior bullish bets and they sold to close 1,300 contracts of the November $85 calls.