Skip to main content

Market Overview

Mike Khouw Sees Unusual Options Activity In Splunk

Mike Khouw Sees Unusual Options Activity In Splunk

On CNBC's "Options Action," Mike Khouw said there is usually a lot of activity in the options market ahead of a catalyst for a stock.

In Splunk Inc (NASDAQ: SPLK), there was a lot of activity after the company reported a disappointing earnings report. Splunk traded more than 38 times its average daily call options volume on Thursday and most of that activity was concentrated in December 4 expiry.

Traders were buying the December $160, $165 and $170 strike calls, betting there could be some intraday volatility. Khouw thinks this is one of the situations when traders can use options to their advantage.


Related Articles (SPLK)

View Comments and Join the Discussion!

Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at