Mike Khouw Sees Unusual Options Activity In IBM

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On CNBC's "Options Action", Mike Khouw said there was unusually high options volume in International Business Machines Corp. IBM. The put options volume was two times the average daily put options volume and the most active were the October 145 puts. Khouw noticed that 1,400 contracts were traded for $1.92.

The trade breaks even at $143.08 or 2.55 percent below the current stock price. The company reports earnings Tuesday and the options market is implying a move of around 4 percent in either direction.

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Posted In: CNBCOptionsMarketsMediaMike KhouwOptions Action
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