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Benzinga
Benzinga
Business
Priya Nigam

Traders Could Continue To Short Corporate Bonds

Mike Khouw CNBC Optimize Advisors ETF

On CNBC's "Options Action," Mike Khouw of Optimize Advisors said that iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSE:LQD) traded 10 times its average daily put volume, he added.

Check out assets making big moves in the premarket.

There was a buyer of 138,000 of the October 95/85 put spreads an average price of 50 cents per contract, Khouw mentioned. Traders expect this ETF to lose as much as 20% by October expiration, he added.

Also Read: Tesla Finds A Buyer Again In Cathie Wood As Ark Loads Up $1.8M On Latest Dip

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