Mike Khouw Sees Unusual Options Activity In Market Vectors Semiconductor ETF - VanEck Semiconductor ETF (NASDAQ:SMH)

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, Mike Khouw said that a put options volume in Market Vectors Semiconductor ETF (NYSE: SMH) 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.