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Mike Khouw Sees Unusual Activity In Agnico Eagle Mines

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On CNBC's "Options Action," Mike Khouw said he was looking at Agnico Eagle Mines Ltd (NYSE: AEM) on Monday. He saw two times the average daily options volume in the name.

See Also: Najarian Brothers See Unusual Options Activity In Bristol-Myers, AMD And More

He added that the November $50 puts were very active. During the session, Khouw noticed a purchase of 500 contracts of the November $50 puts for $1.20. The trade breaks even at $48.80 or around 9% below the closing price on Monday.

 

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