Market Overview

Mike Khouw Sees Unusual Options Activity In The Consumer Staples ETF

Related XLP
Another War Is On, This Time Between Dividends And Bonds
Amgen, Constellation Brands And Some ETFs: 'Fast Money' Picks For July 11
Texas Permanent School Fund Buys United Continental Holdings Inc, Arista Networks Inc, Bank ... (GuruFocus)

On CNBC's "Options Action", Mike Khouw spoke about unusually high options activity in Consumer Staples Select Sect. SPDR (ETF) (NYSE: XLP). The put options volume on Thursday was twice the average daily put options volume.

During the session, one trade caught Khouw's attention. A trader bought 6,000 contracts of the March 57 puts and sold 9,000 contracts of the March 54 puts for a total cost of 45 cents. Khouw explained that the trader is looking for a decline in Consumer Staples Select Sect. SPDR ETF of more than 5 percent.

Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media


Related Articles (XLP)

View Comments and Join the Discussion!

Apple, EA, Goldman Sachs, Mastercard: 'Fast Money' Picks For February 2

A Peek Into The Markets: U.S. Stock Futures Tumble; All Eyes On Jobs Data