Market Overview

Mike Khouw Sees Unusual Options Activity In Oracle

Share:
Related ORCL
Q3 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolio
Tesla Criminal Probe Reportedly Intensifies As FBI Reviews Model 3 Production Numbers
Berkshire Hathaway: Are Warren Buffett & Co. Losing Their Midas Touch? (Seeking Alpha)

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

 

Related Articles (ORCL)

View Comments and Join the Discussion!

Kevin Kelly's Crown Castle Trade

Jim Cramer Gives His Opinion On Tilray And Snap