Bonawyn Eison Sees Unusual Options Activity In Twitter

On CNBC's "Options Action," Bonawyn Eison spoke about unusually high options activity in Twitter, Inc. TWTR, which is scheduled to report earnings on Thursday after the bell.

Calls outpaced puts two to one on Wednesday and the options market is implying a 9% move in either direction between now and Friday expiry. The stock usually moves 11.5% on earnings.

During the session, there was a sale of 5,000 contracts of the May $85 calls for 35 cents. The trade breaks even at $85.35 or around 30% above the closing price on Wednesday.