Calls Purchased on Origin Agritech Limited (SEED)
December 28, 2010 11:42 AM
Shares of Origin Agritech Limited (NASDAQ: SEED) are higher on the session by 11.23%, currently trading at $10.69. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. Though action has been primarily in small lots, overall call volume is now running at 2.21x the daily average with 78% of all calls traded being purchases on the offer.
Traders are buying the $10.00, $11.00, and $12.50 strike in January.
Origin Agritech Limited, through its subsidiaries, engages in the development, production, and distribution of hybrid crop seeds in the People's Republic of China. It primarily offers corn, rice, cotton, and canola seeds.
