Mike Khouw Sees Unusual Options Activity In Netflix

03/08/18 07:11 AM EST

On CNBC's "Options Action", Mike Khouw spoke about unusually high options activity in Netflix, Inc. (NASDAQ: NFLX) as almost quarter million contracts were traded on Wednesday.

Khouw said that the most active options were the weekly 310 puts. Over 8,100 contracts were traded for $2. The trade breaks even at $308 or 4.05 percent below the current stock price.