Quicksilver (ZQK) shares are down .05 to 6.43 today.? ZQK is in the middle of the 52 week range.
Today paper sold 2000+ ZQK Aug 7 calls and Aug 6 puts at .90.? The ADV is 791 contracts.? The OI is under 200 contracts on both strikes.
The volume went up in multiple blocks.? The options went up marked both spread and straddle but paper was clearly selling both the puts and the calls.? This trade looks like a premium harvester looking for decay.? This could be a trade against a long stock position but the clients are not looking for much movement in the stock.
30-day implied volatility is 48%. ? 10-day implied volatility is 46%.? 30 day implied volatility is trading below 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.