Market Overview

Mike Khouw Sees Unusual Options Activity In General Motors

Share:
Related GM
Musk Has No Respect For SEC, Says Tweets Aren't Being Reviewed
Elon Musk Talks GM, Marijuana And More In '60 Minutes' Interview
Portfolio Update: Stocks Getting Slammed As Dividends Shine Bright (Seeking Alpha)

On CNBC's "Options Action", Mike Khouw spoke about options trading activity in General Motors Company (NYSE: GM) on Monday. He said he saw double the average call volume in the name and a lot of that activity was in the January expiration.

One of the largest trade Khouw saw was a purchase of 3,870 contracts of the January 39 calls for $1.40. He said that the buyer previously closed a long position in the December 37 calls. The trade breaks even at $40.40 or approximately 5 percent above the current stock price.

Posted-In: Mike Khouw Options ActionOptions Markets Media

 

Related Articles (GM)

View Comments and Join the Discussion!

Jim Cramer Weighs In On Exelon, Okta, Wrkco And More

GE, Xilinx, EEM And SPY: 'Fast Money' Picks For December 4