3-8-18 7:11 AM EST | Email Article

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.

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