Mike Khouw Sees Unusual Options Activity In ViacomCBS

On CNBC's "Options Action," Mike Khouw said that ViacomCBS Inc. VIAC traded more than three times its average daily call volume on Monday. Calls outpaced puts by more than 4.5 to 1.

The most active options were the $50-strike calls, July 2 expiration, $50-strike calls, July $50 calls and the August $50 calls. Options traders are betting the stock has more room to run, maybe as much as 10% by the end of this week and certainly by the July and August expiration, said Khouw.