On CNBC's Options Action, Mike Khouw spoke about unusually high options activity in Shake Shack Inc SHAK.
Call options volume was two times higher than the average daily call options volume and the most active options were the weekly 50 strike calls, which were traded for $1.65.
The break even for the trade is at $51.65 or 5.6 percent higher from the Wednesday's close. The options market is implying a 9 percent move on the earnings, which are due on November 5.
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