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Mike Khouw Sees Unusual Options Activity In Exxon Mobil

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Mike Khouw Sees Unusual Options Activity In Exxon Mobil

Mike Khouw spoke on CNBC's "Options Action" about unusually high options activity in Exxon Mobil Corporation (NYSE: XOM). He said the stock saw two times the average daily options volume and the options market is implying a move of 2.5% on earnings.

The most active options were the December $72.50 calls as 2,000 contracts were traded for 27 cents. The trade breaks even at $72.77 or around 7.5% above the closing price on Wednesday.

 

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Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media