Solarfun Power Holdings Co Ltd (SOLF) $9.24 +12.13%
Solarfun (SOLF, news, chart, volatility) is seeing a second day of bullish trading. Yesterday, 13,000 calls and 1,000 puts traded, with players focused on the November 7.5 and November 10 calls. Today, shares are up $1.03, or 12.5 percent, and volume in the options market is running three times the typical levels. Almost 10,000 calls and 1,240 puts have traded. The November 10s are the most actives, with 2,788 traded and roughly half trading on the offer. Another 2,400 December 7.5 calls traded. Open interest in that contract is 1,938 and 77 percent is trading on the offer, suggesting possible opening buy orders in anticipation of additional strength in shares of the Qidong, China-based alternative energy company.
Category: All Stocks, Industrial Goods & Services, Small Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
