Market Overview

Mike Khouw Sees Unusual Options Activity In The Construction ETF


On CNBC's Options Action, Mike Khouw said call options volume in iShares Dow Jones US Home Const. (ETF) (NYSE: ITB) on Wednesday was 6 times higher than its average daily call options volume.

Traders were buying the January 38 calls for $0.60. The trade breaks even at $38.60 or 22.31 percent above the closing price on Wednesday. Around 24,000 contracts were traded, which is a $1.44 million bet that iShares Dow Jones US Home Const. (ETF) is going to trade more than 22.31 percent higher at the January expiration.

Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media ETFs


Related Articles (ITB)

View Comments and Join the Discussion!