Mike Khouw spoke on CNBC's Options Action about an unusually high options activity in Netflix, Inc. (NASDAQ:NFLX). The call options volume was two times the average daily options volume and the most of that volume was short dated.

The most active options were the August 24, weekly 330 strike calls. Around 13,500 contracts were traded on Monday at an average price of $3.15. The trade breaks even at $333.15 or 1.65 percent above the closing price.