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Mike Khouw Sees Unusual Options Activity In Philadelphia Gold and Silver Index

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On CNBC's "Options Action," Mike Khouw spoke about unusually high options activity in Philadelphia Gold and Silver Index (NASDAQ: XAU).

It traded more than 10 times its average daily put volume on Tuesday and that was a result of one large trade. A trader bought 20,000 contracts of the Aug. 87.50 puts for $0.90. The trade breaks even at $86.60 or 6.11% below the current stock price.

 

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Posted-In: CNBC Mike Khouw Options ActionCommodities Options Markets Media