Mike Khouw Sees Unusual Options Activity In Spotify

On CNBC's "Options Action," Mike Khouw said he saw considerably above average options volume in Spotify Technology SA SPOT. It was 10 times above the average daily volume and calls significantly outpaced puts.

The most active were the January $350 calls and they were trading for $12.30. Buyers of these calls are betting Spotify is going to trade above $362.30 or around 13% higher from the closing price on Wednesday.

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