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Mike Khouw Sees Unusual Options Activity In Halliburton

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On CNBC's Options Action, Mike Khouw said that he has noticed a big bullish trade in Halliburton Company (NYSE: HAL) on Thursday. The options volume increased and it reached 1.5 times average daily volume.

One trader bought a large quantity of the November 62.5 call options, betting that the stock will trade approximately 22 percent higher in just over a month. Khouw said that it is interesting that on Thursday Halliburton Company traded, at one point, 10 percent above its recent lows.

 

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Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media