Mike Khouw Sees Unusual Options Activity In Microvision

On CNBC's "Options Action," Mike Khouw said Microvision, Inc. MVIS normally trades around 100,000 contracts per day and on Thursday it traded significantly more than that. Calls outpaced puts by about two to one.

The options market is implying a move of nearly 40% in either direction by May expiration, a move of 50% by June expiration and 62% by July expiration, said Khouw. The most active options were the May $20 calls. It looked like a lot of folks were selling those, said Khouw. Around 13,000 contracts were traded for $3.20. The second most active options were the May $35 calls so some traders think the move is not over.

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