Quicksilver (KWK) loses a penny to $7.87 and a Mar 6 – 9 risk-reversal trades on the stock for 50 cents, 1890X on ISE. Sentiment data indicate a customer sold puts to buy calls and open a new position. 10000 now traded on ISE. Looks tied to 100K shares at $7.84 and appears to be a bullish play, similar to activity seen in the Houston, TX oil and gas company last week (see 11/11 color).
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.