Mike Khouw Sees Unusual Options Activity In AMC For A Second Day In A Row

On CNBC's "Options Action," Mike Khouw said AMC Entertainment Holdings Inc AMC was the most active single stock option on Thursday, for the second day in a row. It traded more than 4 million contracts and most of these contracts are expiring on Friday.

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Khouw saw the most activity in the June 4, $145-strike calls. Around 173,000 contracts were traded for $1.17, at the implied volatility of 1000%. The trade breaks even at $146.17 or around 185% above the closing price on Thursday.