Yingli Energy (YGE) is up 13 cents to $2.97 in brisk trading of 2.6 million shares and 2,164 Mar 4 calls on the stock are swept across multiple exchanges an hour ago for 15 cents per contract. A customer bought, to open, according to ISEE data. 4,250 now traded against 116 in open interest. Total volume in the solar energy company is 5,400 calls/250 puts, which represents 5.5X the daily average. The company updated guidance for full year module shipments yesterday, but that doesn’t seem to be the catalyst for today’s spike in call and share volume in YGE. Shares have already rallied 138 percent off mid-November lows of $1.25.
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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.