Mike Khouw Sees Unusual Options Activity In Crowdstrike

On CNBC's "Options Action," Mike Khouw said that Crowdstrike Holdings Inc 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.