Mike Khouw Sees Unusual Options Activity In Dow Chemical
He said that there was four times average daily options volume in the name and the most active were the September 52 call options. These options were traded for $2, which means that traders expect to see the stock above $54 on September expiration. They were also selling the January 52 puts and buying the January 57.5 calls.
Dow Chemical gained 1.02 percent and closed at $53.64 in regular trading. It added an additional 1.1 percent in after-hours trading.
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