Mike Khouw Sees Unusual Options Activity In Tripadvisor

On CNBC's "Options Action", Mike Khouw spoke about unusually high options activity in Tripadvisor Inc TRIP.

He said that the options volume in the name was well above the average daily volume. Call options volume was four times the average daily call volume and the most of the activity was concentrated in the June 50 calls. Khouw noticed a purchase of 5,250 contracts of the June 50 calls for $1.50. The trade breaks even at $51.50 or 6.16 percent above the current stock price.