Mike Khouw Sees Unusual Options Activity In Deutsche Bank AG (USA)

, Mike Khouw spoke about bearish options activity in

. The stock is trading more than 70 percent lower from its 5 year high. The most active options on Wednesday were the April 15 puts, which traded for $0.40. There was a block trade of 11,000 contracts on the day, explained Khouw. The break even for the trade is at $14.60 or approximately 24 percent lower from the closing price on Wednesday.