Mike Khouw Sees Unusual Options Activity In Twitter

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On CNBC's "Options Action," Mike Khouw said that Twitter, Inc. TWTR traded 1.5 times its 20-day average options trading volume on Tuesday. The most active options were the May $55 calls that expire at the end of this week.

The trade that caught Khouw's eye was out in September. Somebody rolled 3,000 contracts of the September $47.50 puts down to 4,500 contracts of the September $45 puts. It doesn't seem the options market is overly optimistic on Twitter, said Khouw.

Posted In: OptionsMarketsMediaCNBCMike KhouwOptions Action
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