Notable Put Options Activity in Quicksilver Resources

Shares of Quicksilver Resources

are lower on the session by 2.59%, currently trading at $5.64. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $5.00 put, which has traded 5,100 times on open interest of 0 contracts. Put volume is outpacing call volume by 68 to 1. Quicksilver Resources Inc. is an independent energy company. The company is primarily engaged in exploration, exploration, development, exploitation and production of natural gas, natural gas liquids and oil onshore in North America.