Mike Khouw Sees Unusual Options Activity In General Motors Company

On CNBC's Options Action, Mike Khouw spoke about high options activity in General Motors Company GM. Call options volume was twice the average call options volume and the most active were the January 2016 calls. Traders were paying $1.25 for the January 2016 32 calls, betting that the stock will be above $33.25 or approximately 9 percent higher at the January expiration. There was also some activity in the January 2016 35 call options as traders were selling General Motors Company shares and buying call options.