Mike Khouw Sees Unusual Options Activity In XLI

On CNBC's "Options Action," Mike Khouw spoke about unusually high options activity in Industrial Select Sector SPDR Fund XLI. Its put options volume on Thursday was double its average daily volume.

The most active options of the day were the Jan. $67 puts. Around 2,500 contracts were traded for $1.00. The trade breaks even at $66 or 13.51% below the closing price on Thursday.