Mike Khouw Sees Unusual Options Activity In Honeywell

On CNBC's "Options Action," Mike Khouw spoke about bullish options activity in Honeywell HON. He noticed on Thursday that call options volume in the name was 16.5 times the average daily call options volume and the most active options were the May 175 calls.

Options traders bought 13,500 contracts of the May 175 calls during the session for $0.40. The trade breaks even at $175.40 or 3.75 percent above the closing price on Thursday.