Calls Purchased on Origin Agritech Limited (SEED)
December 29, 2010 1:08 PM
Shares of Origin Agritech Limited (NASDAQ: SEED) are lower on the session by 1.64%, currently trading at $10.76. 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 2.20x the daily average with 72% of all calls traded being purchases on the offer.
Traders are buying the $10.00, $11.00, and $12.50 calls in multiple months.
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.
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