Mike Khouw Sees Unusual Options Activity In NXP Semiconductors NV

, Mike Khouw spoke about an unusually high options activity in

. He said that put options trading volume in this name exceeded five times daily average. The trade that caught his attention is the purchase of the October 65 put options, which traded for a premium of $0.65. The break even for this trade is at $64.35.

closed the session on Thursday at $69.81 and these options traders are betting that it will trade approximately 8 percent lower at October expiration. The October expiration doesn't capture the earnings, which is going to be reported the weak after.