Market Overview

Mike Khouw Sees Unusual Options Activity In VanEck Vectors Semiconductor ETF


On CNBC's "Options Action," Mike Khouw spoke about high put options activity in VanEck Vectors Semiconductor ETF (NYSE: SMH) as puts outnumbered calls 3 to 1 on Tuesday.

One trade caught Khouw's attention during the trading session. There was a purchase of 1,130 contracts of the March 22, weekly 107 strike puts for $0.94. The trade breaks even at $106.06 or 1.02 percent below the closing price on Tuesday. The trader is betting that the stock is going to trade lower by the end of the week, explained Khouw.

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


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