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Mike Khouw Sees Unusual Options Activity In The Construction ETF

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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

 

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