Mike Khouw Sees Unusual Options Activity In Boyd Gaming Corporation

Mike Khouw said on CNBC's Options Action that Boyd Gaming Corporation BYD had 100 times higher option trading volume than its daily average volume. The most active options were the February 13 calls. Traders bought 16,000 contracts for $0.65. The break even for the trade is at $13.65, or approximately 6 percent higher. Khouw added that there is a high bullish momentum in the name and that is why traders are paying around 5 percent of the underlying price to make a bullish bet.