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Mike Khouw Sees Unusual Options Activity In GLD

Mike Khouw Sees Unusual Options Activity In GLD

On CNBC's "Options Action," Mike Khouw spoke about unusually high options activity in SPDR Gold Trust (NYSE: GLD) on Monday. He said calls outpaced puts by about 2 to 1 and he saw some activity early on in the April $160 calls.

Traders bought 2,000 contracts of the April $160 calls for $2.00 in the first half of the session. The trade breaks even at $162 or 3.26% above the closing price on Monday. By the end of the day, the most active options in the name were the May $160, which traded for $4.50.

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