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Mike Khouw Sees Unusual Options Activity In Caterpillar

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On CNBC's "Options Action", Mike Khouw said he noticed above average options activity in Caterpillar Inc. (NYSE: CAT) on Wednesday.

He explained that traders who bought the October 120 calls last July decided to take profits on Wednesday and they bought the November 130 calls instead. Around 4,000 contracts of the November 130 calls were traded for $1.90. The trade breaks even at $131.90 or 5.65 percent above the current market price.

 

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Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media