STOCKS NEWS US-Traders sell Quicksilver in-the-money puts

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For U.S. stock market report double-click [.N] 1820 ET 01June2009 Players sell Quicksilver in-the-money puts ------------------------------------------------------------------------------

Traders sold in-the-money put options in Quicksilver Resources Inc (KWK.N),indicating an expectation for further gains in the independent oil and gas company, said Steve Claussen, chief investment strategist at online brokerage OptionsHouse. "The hotlist is picking up unusually active option volume across all strikes, especially the back month September and December in-the-money put options." In the December contract, it appeared that 600 $15 puts were sold and in the September contract, the $15 and $17.50 strike puts were sold 600 times each, he said. Quicksilver shares rose 5.96 percent to $11.92. Selling in-the-money put options is viewed as unusual. The profit-and-loss characteristics of these trades are the same as a buywrite call strategy that involves the buying of the shares and simultanueously selling the calls, he said.

Reuters Messaging: doris.frankel.reuters.com@reuters.net 1805 ET 01June2009- U.S. earnings diary for June 2 ------------------------------------------------------------------------------

No results are S&P companies are expected.

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Reuters Messaging: rm://caroline.valetkevitch.reuters.com@reuters.net 1803 ET 01June2009- U.S. economic diary for June 2 ------------------------------------------------------------------------------

The day's economic agenda includes the National Association of Realtors' Pending Home Sales for April at 10 a.m. (1400 GMT)