Market Overview

Mike Khouw Sees Unusual Options Activity In The Consumer Staples ETF

Share:
Related XLP
Best Sector ETFs For March: Banking On Oil
Technical Strategist Turns Cautious Amid Parabolic Run: 'Healthy Correction May Be Just Around The Corner'
Interest rates and earnings hitting stocks today (Seeking Alpha)

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!