Mike Khouw Sees Unusual Options Activity In Dollar General

On

, Mike Khouw spoke about unusually high bearish options activity in

. 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.