Puts Bought on K-Swiss (KSWS)

Shares of K-Swiss Inc. KSWS are higher on the session by 3.60%, currently trading $12.66. The stock recently cratered hard during the “flash crash” but has rallied back just as hard and is now in bullish territory once again above both the 50-day and 200-day moving averages. It looks like the stock wants to go higher, but options traders are buying puts in the name. The October $12.50 put was just purchased on the offer 2,110 times for $1.75. There was no open interest on the strike. 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.