Shares of Quicksilver, Inc. (ZQK) are trading down today to $4.03.? The two-week low for ZQK is 3.43.
Multiple blocks of calls traded in ZQK in the May 5 strike for .2-.3, lifting the offer at the time.? ZQK May 5 calls traded 6,800 times with a big block trading over 3,000 contracts.? Volatility is up 2.5% in the May 5 calls.?? Open Interest is very high at 7,100 contracts for that strike. The nature of the trade looks to be speculative call buying.? Open interest shows heavy buying of the Dec 5 calls just recently and this trade looks to be in the same direction.
30-day implied volatility is 67%.?? 10-day implied volatility is 38%.? 30-day implied volatility is trading just over the 10-day historical volatility. ?
Quicksilver, Inc. (ZQK) is a maker of men?s clothes and surfwear.