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Mike Khouw Sees Unusual Options Activity In The Consumer Staples ETF

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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

 

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