Mike Khouw's CSX Corporation (CSX) Trade

Mike Khouw said on CNBC's Fast Money that investors should consider a bullish trade on CSX Corporation CSX, ahead of earnings. CSX Corporation (CSX) will post earnings on July 12th, and the option prices are suggesting a 6.5% move on the earnings day. Mike Khouw wants to make a bullish trade and sell the August 47 puts for $2.25. This stock has been hit hard, but things are starting to look better now, thinks Mike Khouw. CSX Corporation (CSX) gained 3.85% today and closed at $49.31. It had a volume of 5.94M traded shares.