Mike Khouw Sees Unusual Options Activity In Martha Stewart Living Omnimedia, Inc.

, Mike Khouw spoke about an unusually high options trading volume in

. The options trading volume was 300 times higher than the average daily volume on Thursday as the stock spiked 26.67 percent. The June 5 and the July 5 were the most active as 3,000 contracts were traded. Before the move higher these options traded around $0.30 and after the stock skyrocketed these options gained approximately a dollar of profit. Khouw added that this trade earned quick quarter of a million dollars for the trader.