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Mike Khouw Sees Unusual Options Activity In JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN

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On CNBC's Options Action, Mike Khouw spoke about unusually high bullish options activity in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN (NYSE: AMJ). Call options trading volume was 40 times higher than the average call options volume as traders were making bullish bets.

There was one particularly large trade on Wednesday. A trader bought 50,000 contracts of the January 2017, 30/40 call spread for $0.80. The trade breaks even at $30.80 or 41 percent higher than the Wednesday's close. If the stock jumps to $40 or higher, the trade can maximally make $9.20.

 

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Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media

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