Mike Khouw spoke on CNBC's "Options Action" about unusually high options volume in Home Depot Inc HD. He said there was an above average call options volume in the name on Monday and calls outpaced puts 4 to 1.
The most active options in Home Depot on Monday were the November 195 calls. Over 7,700 contracts were traded and traders were paying $4.65 for them. The breakeven for the trade is $199.65 or 4.44 percent above the current stock price. The expiration covers earnings report that is scheduled on Nov. 13, said Khouw.
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