Mike Khouw Sees Unusual Options Activity In Best Buy

On CNBC's Options Action, Mike Khouw said Best Buy Co Inc BBY had unusually high put options volume on Monday. It was two times higher than the average put volume.

Khouw noticed that a trader bought 800 contracts of the March 3, 39.50 strike puts for $0.30. The trade expires on Friday and the trader expects that Best Buy is going to drop more than 15 percent until the end of the week.