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Mike Khouw Sees Unusual Options Activity In Fubotv

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On CNBC's "Options Action," Mike Khouw said Fubotv Inc (NYSE: FUBO) traded more than three times its average daily options volume and more than four times its average daily put options volume on Wednesday.

During the session, Khouw noticed a lot of activity in the January $40 calls. Nearly 10,000 contracts were traded for $3.67 on average. Khouw thinks these people are either hedging their shorts or speculating on a potential short-squeeze.

 

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Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media

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