Mike Khouw Sees Unusual Options Activity In McDonald's Corporation

Mike Khouw spoke on

about a bullish bet in

that caught his attention on Thursday. The trading activity in the name was 3 times higher than the daily average for options and the most active were the January 95 call options. A trader bought 39,000 contracts of the January 95 call options for $1.41, paying around $5.5 million for the premium. The break even for this trade is at $96.41, which means that the buyer is expecting to see

3 percent higher at the January expiration. Khouw added that increased trading activity in the recent days has resulted in the increase of implied volatility for

options.