Mike Khouw Sees Unusual Options Activity In Paypal Holdings Inc

, Mike Khouw spoke about unusually high bearish options activity in

. He said that put options volume was high for a second day in a row and that it was 7 times higher than the average daily put options volume on Wednesday. Khouw noticed that a trader bought 15,000 contracts of the October 30, 28.5-strike puts for $0.90. The break even for the trade is at $27.60 or 11 percent lower from the current stock price in four weeks.