Mike Khouw Sees Unusual Options Activity In Mondelez International

On CNBC's Options Action, Mike Khouw spoke about unusually high options activity for Mondelez International Inc MDLZ. It had more than two times average daily call options volume and four of the five most active options were call options. The highest volume was recorded in the June 35 call options and the traders were paying $1.25 for them. They are betting that the stock is going to trade above $36.25 or 6 percent higher at the June expiration.