Notable Put Options Activity in Quicksilver Resources
Shares of Quicksilver Resources (NYSE: KWK) are lower on the session by 5.47%, currently trading at $5.01. The stock has been moving largely lower over the past two weeks 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 June 2012 $5 put, which has traded 2,000 times on open interest of 3,944 contracts.
Put volume is outpacing call volume by 6 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.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.