Quicksilver (KWK) with relative strength and increasing call activity today. Shares have added 35 cents to $15.39 and today’s volume of 11,000 calls/1900 puts is 4X the average daily. Mar 16 calls top the most actives. 6,485 traded (56 percent Ask). Mar 17 calls have traded 1,494 contracts (81 percent ask). The increased acivity might be a play on earnings, due Feb 28 (before market).
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.