Mike Khouw Sees Unusual Options Activity In First Solar

Mike Khouw spoke on CNBC's "Options Action" about unusually high, bullish options activity in First Solar, Inc. FSLR. It traded more than 13 times its average daily call volume on Wednesday and calls outpaced puts by 7 to 1.

The most active options were the September 10, $105 calls. Around 24,000 contracts were traded for 29 cents, which sets the breakeven for the trade at $105.29 or around 10% above the closing price on Wednesday.