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July 3, 2020, 1:31 p.m. EDT

Mike Khouw Sees Unusual Activity In Akamai

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By Benzinga.com

On CNBC's "Options Action," Mike Khouw spoke about unusually high options activity in Akamai Technologies, Inc. /zigman2/quotes/203072268/composite AKAM -1.24% .

The call options volume on Thursday was five times the average daily call options volume and some of that activity was concentrated in the August $115 calls. Around 800 contracts were bought for an average price of $5.50. The trade breaks even at $120.50 or 6.5% above the closing price on Thursday.

There was also a large activity in the January 2020, $115 strike calls, said Khouw. Traders were selling those and buying the stock, betting that the volatility is going to come in.

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

/zigman2/quotes/203072268/composite
US : U.S.: Nasdaq
$ 107.87
-1.35 -1.24%
Volume: 1.40M
Aug. 10, 2020 4:00p
P/E Ratio
32.69
Dividend Yield
N/A
Market Cap
$17.72 billion
Rev. per Employee
$361,015
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