Traders Are Betting GoDaddy Will Continue Climbing

On CNBC's "Options Action," Mike Khouw of Optimize Advisors said that GoDaddy Inc GDDY traded around 6 times its average daily call volume on Monday.

This was amid low volume in the overall options market, Khouw mentioned.

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The most active were buyers of the January 85 calls, for an average price of $1.91 per contract, he added.

“Buyers of those calls are obviously betting that this recent spike could continue through the third week of January, and they are looking for prices above $87 a share,” Khouw said.

GDDY Price Action: Shares of GoDaddy had surged 8.33% to close at $82.35 on Monday.