Mike Khouw Sees Unusual Options Activity In General Electric

On CNBC's "Options Action", Mike Khouw spoke about unusually high options activity in General Electric Company GE, which saw two times its average daily options volume on Tuesday. It was the second most active single stock option.

The most active option in the name was the June 9 put. Over 36,000 contracts were traded, which includes a purchase of 33,600 contracts for 19 cents, explained Khouw. The breakeven for the trade is at $8.81 or 13.37 percent below the closing price on Tuesday.