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Mike Khouw Sees Unusual Options Activity In Oracle

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On CNBC's "Options Action", Mike Khouw spoke about unusually high options activity in Oracle Corporation (NYSE: ORCL). He said the put options volume was two times the average daily put options volume and he noticed a big purchase of the September 46/43 put spread.

Around 3,000 contracts of the September 46/43 put spread for 30 cents were purchased on Tuesday. The trade breaks even at $45.70 or 5.93 percent lower and it can make a maximal profit of $2.70.

Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media

 

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