On CNBC's "Options Action," Mike Khouw said he was looking at Agnico Eagle Mines Ltd 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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