Mike Khouw Sees Unusual Options Activity In SunPower Corporation

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CNBC Options Action's
Mike Khouw spoke on the show about a trade in
SunPower CorporationSPWR
that caught his attention on Thursday. He said that the options trading volume in the name was two times higher than the daily average and he noticed that a trader bought a big quantity of the January 29/32 call spreads and paid $1.20 for the set up. This means that he sees the stock at $32 or approximately 10% higher at the January expiration.
SunPower Corporation
gained 3.60 percent and it closed at $29.09 on Thursday.
Posted In: CNBCMediaMike KhouwOptions Action
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