Options Brief: Qiao Xing Universal Resources (XING)

Shares of Qiao Xing Universal Resources XING are higher on the session by 23.62%, trading at $3.35. Overall call volume is now running at 3.65x the daily average, with 50% of all calls traded being purchases on the offer. 2,039 contracts have traded on the session so far. Qiao Xing Universal Resources, Inc. is principally engaged the sale of telecommunication terminals and equipment, including cord and cordless telephone sets, the production and sale of mobile phones and accessories and the production and sale of molybdenum concentrates in the People's Republic of China.