Mike Khouw Sees Unusual Options Activity In Marathon Petroleum

On CNBC's "Options Action," Mike Khouw said that calls outpaced puts in Marathon Petroleum Corp MPC on Monday by almost four to one on 2.5 times the average daily call volume.

The most active options were the May $57.50 calls as over 4,000 contracts were traded for about $2. Khouw said that investors should keep an eye on the May earnings report and the March highs of $58 as the stock looks like it's targeting that price level.