Unusual Options Activity In Trina Solar Limited (ADR)

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Speaking on
CNBC's Options Action
, Mike Khouw said that he noticed an unusually high options activity in
Trina Solar Limited (ADR)TSL
. Most of the volume was concentrated in the September 14 call options and buyers were paying $0.70 for those. The breakeven for this trade is at $14.70 and buyers are expecting the stock to trade more than five percent higher in just two weeks. It is interesting that
Trina Solar
moved more than five percent in a single day on 20 occasions in the last year. Khouw thinks that options are an ideal instrument to use for a stock this volatile. Trina Solar gained 0.58 percent Thursday and closed at $13.93.
Posted In: CNBCMediaTrading IdeasMike KhouwOptions Action
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