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Mike Khouw Sees Unusual Options Activity In Salesforce

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Mike Khouw Sees Unusual Options Activity In Salesforce

On CNBC's "Options Action," Mike Khouw spoke about unusually high options activity in salesforce.com, inc. (NYSE: CRM), which is due to report earnings on Tuesday after the bell.

Khouw saw around two times the average daily options volume on Monday. He also noticed the market is implying a move of just under 8% by the end of the week, which is in line with the average move of 7.7% for the event.

The most active options were the December $250 calls as over 4,000 contracts were traded for $5.30. Buyers are expecting the stock to trade above $255.30 or around 6% higher by the end of the week.

 

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Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media