Mike Khouw Sees Unusual Options Activity In BlackBerry Ltd

Mike Khouw said on CNBC's Options Action that the options volume in BlackBerry Ltd BBRY was 5 times higher than the average options trading volume. The stock traded 7.06 percent higher on Thursday and options traders were buying the December 8 calls that expire at the end of the week. They were paying $0.13 for the strike, which sets the break even for the trade at $8.13 or 3 percent higher. Khouw added that the March 9 calls were also active.