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Mike Khouw Sees Unusual Options Activity In Citigroup

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Mike Khouw Sees Unusual Options Activity In Citigroup

On CNBC's "Options Action," Mike Khouw spoke about unusually high options activity in Citigroup Inc (NYSE: C).

It's reporting earnings on Thursday before the market opens, and the options market is implying a move of 3.6% in either direction by the end of the week. That is slightly higher than 3.3% that the company averaged over the last eight quarters, said Khouw.

Calls outpaced puts by more than two to one and the most active options were the April $72.50 calls. Over 4,600 contracts were traded for about a dollar. The trade breaks even at $73.50 or 1.97% above the closing price on Tuesday.

 

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Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media

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