Dan Nathan Sees Unusal Options Activity In General Electric Company

Dan Nathan analyzed on CNBC's Options Action a bullish bet on General Electric Company GE. Options volume was three times higher than the daily average on Monday and calls outnumbered puts 2 to 1. There was one trade that caught Nathan's attention on a day when the stock was down 3.09 percent. A trader sold the December 26 puts and used proceeds to buy the the December 30 calls, receiving a credit of $0.20 for the structure. If the stock trades between $26 and $30 at the December expiration the trader is going to collect the premium and if it jumps above $30 the trader is going to participate on the upside.