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Mike Khouw Sees Unusual Activity In Akamai

Mike Khouw Sees Unusual Activity In Akamai

On CNBC's "Options Action," Mike Khouw spoke about unusually high options activity in Akamai Technologies, Inc. (NASDAQ: AKAM).

The call options volume on Thursday was five times the average daily call options volume and some of that activity was concentrated in the August $115 calls. Around 800 contracts were bought for an average price of $5.50. The trade breaks even at $120.50 or 6.5% above the closing price on Thursday.

There was also a large activity in the January 2020, $115 strike calls, said Khouw. Traders were selling those and buying the stock, betting that the volatility is going to come in.


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Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media

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