Mike Khouw Sees Bullish Options Actvity In Viacom

Mike Khouw said on CNBC's Options Action that he saw a strong bullish options activity in Viacom, Inc. VIAB on Wednesday. Traders were buying the December 54 calls and they were paying $0.80 for those, explained Khouw. The breakeven for the trade is at $54.80 or approximately 5 percent higher from the closing price on Wednesday.