Shares of Quiksilver Inc (ZQK) are trading higher at 5.31, up .24 today. ?ZQK is trading on a 52-week high today.
Paper sold 2,000 ZQK Feb 5 calls for .45 in one block hitting the bid at the time.? ?Average contract volume is 2,006 per day in the name.? Open interest was 3,175 prior to this trade. The calls look to be a closing trade.? Implied volatility is up over 1 point in Feb.? Recall some heavy buying in early December in the 5 strikes.
30-day implied volatility is 49%.?? 10-day implied volatility is 60%.? 30-day implied volatility is trading above the 10 day historical volatility.?
Quiksilver, Inc. 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.