Mike Khouw Sees Unusual Options Activity In Crowdstrike

On CNBC's "Options Action," Mike Khouw said that Crowdstrike Holdings Inc (NASDAQ:CRWD) traded more than two times the average daily options volume by mid-morning and more than seven times by the end of the day on Tuesday.

The most active weekly options were the $150 strike calls and they were trading for just over $6. Buyers are betting that the 14% implied move on earnings is going to be on the upside, probably on the heels of the tremendous momentum that we have seen, said Khouw.