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IB Options Brief: Michael Kors Holdings, Ltd. (KORS) & Chico's FAS, Inc. (CHS)
Michael Kors Holdings, Ltd. (KORS) & Chico's FAS, Inc. (CHS) see unusual activity on Tuesday, March 20, 2012.
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Unusual Activity
VXZ (VIX Mid-Term Futures) – Professional Betting on Market Downturn
The ETN traded exactly 20,000 options on total daily average option volume of just 472. All the contracts went up in a six legged put spread in July (zero calls traded)
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Possible Time Strangle Trades in BHP
6250 BHP May 21 puts and 5212 BHP Mar 25 calls went up on the PHLX and ISE.
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