Mike Khouw Sees Unusual Options Activity In Tanger Factory Outlet Centers

On CNBC's "Options Action," Mike Khouw spoke about unusually high options activity in Tanger Factory Outlet Centers Inc. SKT. He said that Tanger Factory is a stock with high short interest and it traded about 6 times its average daily options volume on Thursday.

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Most of that activity was concentrated in the March $20 and $30 strike calls. This stock doesn't have weekly options so traders picked calls that expire on March 19. The $20-strike calls were traded for $2.50 and $30-strike calls were traded for $1.