Mike Khouw Sees Unusual Options Activity In Market Vectors Semiconductor ETF

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On
CNBC's Options Action
, Mike Khouw said that a put options volume in
Market Vectors Semiconductor ETFSMH
on Wednesday was 17 times higher than the average daily volume. Khouw noticed that 50,000 contracts of the May 53 strike puts were traded at $1.40 on Thursday. He believes that a trader tried to roll out his position because there was also a large activity in the April 55 puts, which had a big open interest before the trade. The May 53 puts cost around 2.5 percent of the underlying and they cover the most of the earnings results for the semiconductor companies.
Posted In: CNBCOptionsMarketsMediaMike KhouwOptions Action
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