Puts Sold on K-Swiss (KSWS)

Shares of K-Swiss Inc. KSWS are higher on the session by 3.22%, currently trading $12.50. The stock has been on a volatile ride as off late, but has managed to regain the 50-day and 200-day moving averages, which is a bullish sign. There was some concern and put buying in the name last week, but with the market turn around those puts are increasingly being sold back into the market as fears abate. Today I am seeing the October $12.50 sold on the bid 1,050 times for $1.65. Open interest on the strike is 4,576 contracts. 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.