On CNBC's Options Action, Mike Khouw spoke about unusually high bearish options activity in Dollar General Corp. DG. He said that the put options trading volume was six times higher than the average daily put options volume and the most active was the December 4 expiry.
A trader bought 5,000 contracts of the December 4 weekly, 60 strike puts for $1.35. The break even for the trade is at $58.65 or approximately 7 percent lower from Wednesday's close. The company is going to announce earnings on December 3.
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