Mike Khouw Sees Unusual Options Activity In Carnival Corporation

On CNBC's Options Action, Mike Khouw spoke about unusually high options trading volume in Carnival Corporation CCL. He said that there was 4 times average daily call options volume and the most active were the January 41.5 call options. Over 8,000 contracts of the January 41.5 calls were traded and the traders paid $1.35 for this strike. The breakeven for this trade is at $42.85 or approximately 5 percent higher from the current price of Carnival Corporation. The company is going to report earnings in December and the stock has been very volatile, going down on Ebola scare and trading higher on the news on participating with China in the construction of country's first luxury ship.