CNBC Options Action's Mike Khouw spoke on the show about unusually high options activity in Pfizer Inc. PFE. He said that the call options volume was 1.5 times higher than the average daily call options volume and and added that the October 35 calls were the most active.
A trader bought 10,000 contracts of the October 35 call options and paid $0.76. The break even for the trade is at $35.76 or approximately 4 percent higher from the current price at October expiration.
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