Mike Khouw Sees Unusual Options Activity In Starbucks Corporation

Mike Khouw spoke on

about unusually high options activity in

. The options volume was 1.5 times higher than the average daily options volume and calls outpaced the puts. Khouw noticed a buying activity in the August 53.5 puts. Traders were paying $0.75 for the strike, which sets break even at $52.75 or 7 percent lower. He added that a lot of the call activity was selling, which shows that options traders are getting a little bit nervous as the stock is trading at its all time highs.