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Mike Khouw Sees Unusual Options Activity In Delta Air Lines

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Mike Khouw said on CNBC's Options Action that Delta Air Lines, Inc. (NYSE: DAL) had unusually high options volume on Tuesday as call options volume reached 5 times its average daily call options volume.

Khouw noticed that a trader bought 40,000 contracts of the June 50/55 call spread for $1. The trade breaks even at $51 or more than 10 percent above the closing price on Tuesday. Khouw added that it seems the trader is betting that Delta Air Lines is going to jump above its 52-week high.

Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media

 

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