Market Overview

Mike Khouw Sees Unusual Options Activity In The Regional Banking ETF


On CNBC's "Options Action", Mike Khouw spoke about an unusually high options activity in SPDR KBW Regional Banking (NYSE: KRE). He said it traded well over two times its average daily put volume on Monday.

During the trading session, Khouw noticed a large trade in the name. There was a buyer of 14,200 contracts of the January 50/47 put spread for $1.02. The trade breaks even at $48.98 or 3.43 percent below the current market price. If the stock drops to $47 at the January expiration, the trade is going to reach its maximal profit of $1.98.

Posted-In: CNBC Mike Khouw Options ActionSector ETFs Options Markets Media ETFs


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