Mike Khouw Sees Unusual Options Activity In JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN

, Mike Khouw spoke about unusually high bullish options activity in

. Call options trading volume was 40 times higher than the average call options volume as traders were making bullish bets. There was one particularly large trade on Wednesday. A trader bought 50,000 contracts of the January 2017, 30/40 call spread for $0.80. The trade breaks even at $30.80 or 41 percent higher than the Wednesday's close. If the stock jumps to $40 or higher, the trade can maximally make $9.20.