Mike Khouw Sees Unusual Options Activity In eBay Inc

, Mike Khouw said that he noticed unusually high options activity in

on Tuesday. Three times average daily call options volume was traded and 18 of 20 most active options of the day were call options, explained Khouw. He added that there was a big activity in early trading in the February 56 call options which expire on next Friday. Traders were paying $0.50 for these options, which sets the break even for the trade at $56.50 or approximately 2.5 percent higher at the expiration. Khouw thinks that this bullish activity is linked to the Goldman Sachs conference on Wednesday morning.