Mike Khouw Sees Unusual Options Activity In Exxon Mobil

On CNBC's "Options Action", Mike Khouw spoke about above average options activity in Exxon Mobil Corporation XOM.

He noticed that a trader bought on Thursday over 10,000 contracts of the July 80 puts for 70 cents. The trade breaks even at $79.30 or 1.73 percent below the current stock price.