Mike Khouw Sees Bullish Options Activity In Delta Air Lines, Inc.

On CNBC's Options Action, Mike Khouw spoke about unusually high options activity in Delta Air Lines, Inc. DAL. He said that the call options volume in the name was 5 times higher than the average daily call options volume. Khouw noticed one big trade on Thursday. A trader rolled out a bullish bet in the April 49 calls to the May 50 calls, purchasing 30,000 contracts of the May 50 calls and paying $1.85 for them. The trade breaks even at $51.85 or 6.5 percent higher from the current stock price.