Talking About Green

Schaeffer’s Sentiment Snapshot: Solarfun Power Holdings Co., Ltd. (SOLF) Erases Earnings-Related Losses

CINCINNATI—-Options speculators had increasingly high hopes ahead of Solarfun Power Holdings Co., Ltd.’s (NASDAQ: SOLF) recent turn in the earnings spotlight. During the past couple of weeks, speculators on the International Securities Exchange (ISE) have bought to open more than 11 times as many calls than puts on the Chinese solar concern. Compared to similar readings taken during the past year, the security’s skyscraping 10-day call/put volume ratio of 11.18 ranks in the 76th percentile. Simply put, options players on the ISE have scooped up SOLF calls at a faster pace only about a quarter of the time during the past 52 weeks.

Most of the optimistic options activity of late is seemingly centered on the equity’s April 5 call, which has added about 1,300 positions during the past 10 trading sessions. What’s more, despite Solarfun’s disappointing earnings report (we’ll get to that in just a minute), the position’s popularity has continued today. In early afternoon trading, the April 5 call has already seen roughly 2,200 contracts change hands on open interest of fewer than 1,500.

To continue reading this article, click here: http://www.schaeffersresearch.com/commentary/content/sentiment+snapshot+solarfun+power+holdings+co+ltd+solf+erases+earnings-related+losses/observations.aspx?click=home&ID=92062&source=businesswire
Contacts Schaeffer’s Investment ResearchAndrea Kramer, 513-589-3800akramer@sir-inc.com

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