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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. (NYSE: 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.

Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media

 

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