Mike Khouw Sees Unusual Options Activity In Select Sector Financial Slct Str SPDR Fd

Loading...
Loading...
CNBC Options Action's
Mike Khouw said on the show that he noticed unusually high options volume in
Select Sector Financial Slct Str SPDR Fd XLF as nearly 1.5 times its average daily put options volume was traded. The largest portion of options volume in the ETF happened in two strikes. A trader rolled 25,000 contracts of the November 21 puts for the December 21 puts and paid $0.17. Khouw explained that the trader is hedging at the levels that haven't been seen since the beginning of the year. He thinks that the trader is trying to exploit low options prices to protect his portfolio.
Posted In: CNBCMediaMike KhouwOptions Action
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...