Mike Khouw Sees Unusual Options Activity In Google

On CNBC's "Options Action", Mike Khouw spoke about unusually high call options activity in Alphabet Inc GOOG on Wednesday.

Khouw said he noticed a purchase of around 800 contracts of the October 980 calls for $5. The trade breaks even at $985 or 6.16 percent above the closing price on Wednesday. The trade is going to be profitable, if the stock revisits its 52-week high by the October expiration.