Dan Nathan Sees Unusual Options Activity In Facebook

On CNBC's "Options Action", Dan Nathan said the options volume in Facebook, Inc. FB ran very high on Wednesday, it was 1.5 times the average daily volume.

During the session, one trade caught his attention. A trader bought 20,000 contracts of the January 2020, 270 strike calls for $3.50. The trade breaks even at $273.50 or around 64 percent above the current stock price.