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Member since: Sep 06

JA Solar Holdings - Unusually High Call Purchases

 Look at this: http://www.theoptionsinsider.com/tradingtechnology/?id=621

Lots of call buying on JASO today. Either it's incredibly cheap or people taking huge bets on an upward move. If my portfolio wasn't already heavily weighted in JASO, I'd be picking up more shares here. It's right at its 50dma, a move up tomorrow could be the start of a reversal going into earnings, March 12th. Options expire for March on the 21st I believe, so there's ample time for a nice run up in call prices and then selling before earnings if you would rather not take the risk.

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Posted by locogmac on 02/28/08 at 07:25 PM

Tag It | 1 user tagged it: JASO, calls, earnings

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snowman

Member since: Mar 07

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snowman

 After looking at the charts, there are an overwhelmingly # of calls to puts in open interest. This shows that it is a strong stock, with a high probability of going up. Thanks Locogmac.

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