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Mike Khouw Sees Unusual Options Activity In SunPower

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CNBC Options Action's Mike Khouw spoke on the show about a trade in SunPower Corporation (NASDAQ: SPWR) that caught his attention on Thursday.

He said that the options trading volume in the name was two times higher than the daily average and he noticed that a trader bought a big quantity of the January 29/32 call spreads and paid $1.20 for the set up. This means that he sees the stock at $32 or approximately 10 percent higher at the January expiration.

SunPower Corporation gained 3.60 percent and closed at $29.09 on Thursday.

 

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