Market Overview

Mike Khouw Sees Unusual Options Activity In QQQ

Related QQQ
Derailing Equities Part 2 And Key Charts For The Week
One Crazy Week In The Stock Market
More Stuff, Lower Prices, So GDP Is Down: Productivity Is Better Than We Measure (Seeking Alpha)

Mike Khouw said on CNBC's "Options Action" that more puts than calls were traded in PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: QQQ) on Thursday.

Traders bought around 18,000 contracts of the May 26 expiration, 136 strike puts on Thursday and they paid $1.05 them. The trade breaks even at $134.95 or 1.68 percent lower from the current market price.

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


Related Articles (QQQ)

View Comments and Join the Discussion!