LDK Solar Co Ltd (LDK) $7.82 -15.91%

| May 22, 2009 | 0 Comments More

LDK Solar (LDK) is down $1.48 to $7.82 after reporting a 21-cent per share loss for the first quarter. Analysts were looking for a 13-cent loss. Shares are down and options volume is picking up. Sentiment is mixed, with 6700 calls and 11000 puts traded. June 10 calls are the most actives, with 2665 traded. Looks like some premium buyers are taking advantage of today’s weekness to take positions in the contract, which is 27.9 percent out of the money with four weeks left until expiration. LDK implied volatility is down to 104, from about 125 yesterday.

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.

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