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Mike Khouw Sees Unusual Options Activity In Visa

Mike Khouw Sees Unusual Options Activity In Visa

On CNBC's "Options Action," Mike Khouw spoke about unusually high options activity in Visa Inc (NYSE: V) ahead of earnings. The company is going to report earnings on Tuesday, after the bell, and the options market is implying a move of 3% in either direction. The move is in line with the historical average.

During the session on Monday, Khouw noticed that calls outnumbered puts by about 3 to 1, on above average volume. He saw the most opening activity in the July 31, $197.50 calls. Around 1,800 contracts were traded and buyers paid around $2.70 for them. The trade breaks even at $200.20 or around 1.7% above the closing price on Monday.


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