Quicksilver Resources Inc (KWK) $14.25 -3.19%
Quicksilver (KWK), the Fort Worth, TX oil driller, is down 48 cents to $14.24 and options volume is 4X the average daily, driven primarily by a buyer of 7000 May 14 puts at 75 cents each. It was tied to shares at $14.35, on a 40 delta, according to a source on the floor. Looks like an opening volatility play and comes ahead of a May 10 earnings release. Implied volatility is up 6 percent to about 50 today, compared to a 52-week high and low of 113 and 44.
Category: All Stocks, Mid Cap Stocks, Oil & Gas Producers
Free Newsletter
If you enjoyed this article, sign up to receive more just like it.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
