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Mike Khouw Sees Unusual Options Activity In Spotify

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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 (NYSE: 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.

See Also: People Love Sharing Spotify Playlists: Stock Rallies As #2020Wrapped Takes Over Social Media

 

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