Shares of Quicksilver Inc. (ZQK) were trading up .21 today to $4.20. ZQK traded as high as $4.24 today and is trading at near term highs and set to challenge the 52-week high.
Mid-morning paper bought ZQK Dec 5 calls for .05 lifting the offer at the time on multiple exchanges, suggesting a lack of liquidity to fill the order.? Blocks of 988, 662, and 1404 of the Dec 5 calls went up with a total of 4,329 contracts traded on the day.? The calls are still .05 bid.? Volatility is up 91% on the ZQK Dec 5?s to 86.97%.? There was zero open interest, which indicates this was an opening buy.
30-day implied volatility is 57%.?? 10-day implied volatility is 34%.? 30-day implied volatility is trading well over the 10-day historical volatility.? ZQK earnings are on Dec 13th so this means a direct bet on the earnings outcome since the implied volatility is so high.
Quiksilver, Inc. (ZQK) is a diversified company that designs, develops and distributes branded apparel, footwear, accessories and related products, catering to the casual, youth lifestyle associated with the sports of surfing, skateboarding and snowboarding.