Quicksilver Resources (KWK) is off 14 cents to $4.70 and 5000 Jan 4 puts were swept on the stock midday today for 60 cents per contract. It’s an opening buyer, according to data from ISE, and comes as the stock gives back some of the 42.4 percent rally seen since August. The Fort Worth, TX oil and gas company is due to report earnings around Nov 5.
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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.