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Mike Khouw Sees Unusual Options Activity In USO

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Mike Khouw Sees Unusual Options Activity In USO

On CNBC's "Options Action," Mike Khouw said he saw two times the average daily call volume in United States Oil Fund LP (NYSE: USO) on Tuesday.

The most active contract was the October 9, $29 strike call as over 6,000 contracts were traded for 35 cents. The trade breaks even at $29.35 or 3.38% above the closing price on Tuesday.

 

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Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media