Origin Agritech (SEED) is bucking the bearish trend. Shares are up $1.19 to $9.28 after Charden raised the stock to Buy and said that $30 to $35 million of cash from a recent sale of its stake in a cotton and seed producer will give SEED an edge over its competitors. In options action, volume is 4X the average daily. 5,460 calls and 515 puts traded. Looks like buyers driving trading in Jun and July 10 calls. Possible premium sellers in Jun 8 and 9 call options. Implied volatility is down 5.5 percent to 69.

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