Mike Khouw Sees Unusual Options Activity In Amazon Ahead Of Earnings Report

On CNBC's "Options Action," Mike Khouw said Amazon.com, Inc. AMZN is implying a 3.9% move when the company reports earnings on Thursday. That is slightly below the 4.8% move over the last eight quarters.

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One trade caught Khouw's attention during the session. There was a buyer of the July 2060/2065 call spread for $1. The trade breaks even at $2,061 or around 3% above the closing price on Wednesday. The maximal profit for the trade is $4.