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Mike Khouw Sees Unusual Options Activity In VanEck Vectors Semiconductor ETF

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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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