Mike Khouw Sees Unusual Options Activity In Yum! Brands

CNBC Options Action's Mike Khouw noticed an unusually large bullish options bet in Yum! Brands, Inc. (NYSE: YUM) on Tuesday.Approximately 1.5 times average daily volume was traded and the January expiration was the most active. Somebody bought 2,500 contracts of the January 77.50 calls for $6.10 and sold 2,500 of the January 92.50 calls for $1.50. Additionally, this trader has sold the January 67.50 puts for $3.25. The trader paid net amount of $1.35 for the whole structure and this trade is going to be profitable if the stock trades above $78.85 at the expiration.Yum! Brands closed Tuesday at $78.36, so the price has to move only 0.70 percent for this trade to be profitable.