STOCKS NEWS US-Traders dive into Pool Corp put options

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For U.S. stock market report double-click [.N] 1857 ET 01June2009 Investors eye Pool Corp put options ------------------------------------------------------------------------------

Players appear to be swimming in Pool Corp (POOL.O) put options for the second straight session. Shares of Pool, a distributor of swimming pool products, rose 3.27 percent to $18. Traders dove into the October $15 puts on Friday. The same contract was active today, with more than 5,600 contracts traded earlier, said WhatsTrading.com option strategist Frederic Ruffy. While a substantial number seem to be selling ISEE sentiment, data indicate that two-thirds of Monday's put volume were opening customer put buyers. In all, 6,858 puts and 1,096 calls traded in Pool, eight times the normal combined daily volume, according to Trade Alert. The put interest may be tied to the available of credit to finance swimming pools. "More of our business in today's environment is tied to the maintenance and repair of the existing pools. So some investors may think that with new pool construction being down, that that's a negative for the business," a Pool spokesman said.

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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)

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Reuters Messaging: rm://caroline.valetkevitch.reuters.com@reuters.net 1655 ET 01June2009 American Express shares fall 2 pct after offering ------------------------------------------------------------------------------

American Express Co (AXP.N) shares fell 2 percent to $25.55 after the closing bell on Monday, after the credit card company said it would offer $500 million of its common stock.

The company said it will use the capital raised for general corporate purposes.