Bonawyn Eison Sees Unusual Options Activity In JD.Com

On CNBC's "Options Action," Bonawyn Eison said calls outpaced puts 1.5 times in JD.Com Inc JD on Wednesday and volumes were only 20% higher going into earnings.

The company reported better-than-expected earnings on Thursday before the market open, but after an initial move higher of around 5%, it's currently trading flat.

The options market expected a move of 6% going into the event.

One trade caught Eison's attention on Wednesday. Around 4,000 contracts of the June $82.50 puts were traded for $4.45. The trade breaks even at $78.05 or around 13% below the current price.