Mike Khouw Sees Unusual Options Activity In Marathon Oil

Mike Khouw said on CNBC's "Options Action" that he noticed unusually high options activity in Marathon Oil Corporation MRO.

The stock dropped 5.2 percent on Wednesday, but the call options volume was twice the average daily call options volume. There was one particularly large trade in the name. A traders bought 5,000 contracts of the July 13 calls for $0.30. The trade breaks even at $13.30 or 8.93 percent higher.