Mike Khouw Sees Unusual Options Activity In Market Vector Russia ETF Trust

Mike Khouw spoke on CNBC's Options Action about a bullish options trading activity in Market Vector Russia ETF Trust RSX.

He said that calls outnumbered puts 4 to 1 on Monday and call options volume was twice the average daily call volume.

He said that traders were buying the May 23 calls and he noticed a block trade of 5,000 contracts for $0.73. The trade breaks even at $23.73 or 10.73 percent higher. Market Vector Russia ETF Trust gained 1.90 percent on Monday.