Mike Khouw Sees Unusual Options Activity In ConocoPhillips

Loading...
Loading...

On CNBC's "Options Action," Mike Khouw said that ConocoPhillips COP traded 1.8 times its average daily put volume on Monday.

The big trade that caught his eye was the purchase of 1,000 contracts of the June 11, $58.50/$58 put spread for 11 cents. The trade breaks even at $58.39 or 2.37% below the closing price on Monday and it can make a maximal profit of 39 cents. Khouw said this is a bet on a small pullback in ConocoPhillips.

 

Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsMediaCNBCMike KhouwOptions Action
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...