Downside Purchased on K-Swiss (KSWS)

Shares of K-Swiss Inc.

are higher on the session by 0.98%, currently trading $12.37. The stock has been gyrating wildly over the past four weeks, but is currently trading above both the 50-day and 200-day moving averages. A put spread was bought on the name today with the January 2011 $12.50/10 put spread bought 1,000 times. Volume exceeded open interest on both strikes, indicating new positioning. Put volume is running at 8x the daily average. Options trader cannot seem to make up their minds on this stock. A week ago puts were bought, only to be sold out the next day. And today we are seeing negative sentiment grow once again. K-Swiss Inc. designs, develops and markets an array of athletic footwear for high-performance sports use, fitness activities and casual wear under the K-Swiss brand