Market Overview

Mike Khouw Sees Unusual Options Activity In Dow Chemical

Share:
Related DOW
Dow CEO And Cramer Talk Laying Off 3% Of Workforce, Positive Outlook Ahead
Ira Sohn Conference Live Blog: Movers, Shakers, Hedgie Comments
Dow Chemical defends CEO's expenses, says any issues resolved long ago (Seeking Alpha)

CNBC Options Action's Mike Khouw spoke about an increased options activity in Dow Chemical (NYSE: DOW).

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.

Posted-In: Mike KhouwCNBC Media

 

Related Articles (DOW)

Around the Web, We're Loving...

Get Benzinga's Newsletters