Mike Khouw Sees Unusual Options Activity In JetBlue Airways Corporation

Mike Khouw spoke on the show about unusually high bearish options volume in

. He said that put options volume on Tuesday was 7 times higher than the average daily put volume and the most active options were the July 22 puts. Over 6,500 contracts of the July 22 puts were traded for $2.06. These options are already in the money because the stock dropped to 19.56 on Tuesday and their break even is at $19.94. Khouw explained that the airline stocks were hit by increased capacity in the sector.