Market Overview

Mike Khouw Sees Unusual Options Activity In CBS Corporation


Mike Khouw spoke on CNBC's Options Action about an unusually high options activity in CBS Corporation (NYSE: CBS). He said that 6 times average daily call options volume was traded in the name on Monday.

Khouw explained that the biggest trade of the day was a sale of 60,000 contracts of the December 55 strike calls for $2.10. The trader is assuming that the stock won't trade above $57.10 or approximately 5 percent higher at December expiration. CBS Corporation is reporting earnings on November 5.


Related Articles (CBS)

View Comments and Join the Discussion!

Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media Trading Ideas