Mike Khouw Sees Unusual Options Activity In Netflix

On CNBC's "Options Action", Mike Khouw spoke about unusually high options activity in Netflix, Inc. NFLX as almost quarter million contracts were traded on Wednesday.

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Khouw said that the most active options were the weekly 310 puts. Over 8,100 contracts were traded for $2. The trade breaks even at $308 or 4.05 percent below the current stock price.