Calls Purchased on Suntech Power (STP)

Shares of Suntech Power Holdings Co., Ltd.

are higher on the session by 3.70%, currently trading at $10.08. The stock has been moving largely lower for the past six months, though has recently bounced off of the $8.00 level and regained the 50-day moving average. Options traders are buying calls on the name today. A short while ago November $11.00 and $12.00 call strikes were purchased roughly 4,900 times and 2,500 times, respectively; volume exceeded open interest on both strikes. This signals new positioning on the name. Overall call volume is now running at 2.22x the daily average, 75% on the offer. Suntech Power Holdings Co., Ltd. is a solar energy company, which is engaged in the design, development, manufacturing and marketing of photovoltaic products, including a range of building-integrated photovoltaic products and also provides engineering, procurement and construction services to building solar power systems using its own solar modules for certain related party and third party customers.