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Mike Khouw Sees Unusual Options Activity In Microvision

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Mike Khouw Sees Unusual Options Activity In Microvision

On CNBC's "Options Action," Mike Khouw said Microvision, Inc. (NASDAQ: MVIS) normally trades around 100,000 contracts per day and on Thursday it traded significantly more than that. Calls outpaced puts by about two to one.

The options market is implying a move of nearly 40% in either direction by May expiration, a move of 50% by June expiration and 62% by July expiration, said Khouw. The most active options were the May $20 calls. It looked like a lot of folks were selling those, said Khouw. Around 13,000 contracts were traded for $3.20. The second most active options were the May $35 calls so some traders think the move is not over.

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Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media

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