Mike Khouw Sees Unusually High Options Activity In Ford Motor

On

, Mike Khouw said that the put options volume in

on Thursday was three times higher than the average daily put options volume. A lot of that activity was concentrated in January expiration. Khouw was following contract expiring earlier and he noticed a purchase of around 7,000 contracts of the May 16 puts for $0.60. He explained that the trade is a bet that

is going to be below $15.40 or 4.5 percent lower at May expiration.