Calls Purchased on Evergreen Solar, Inc. (ESLR)
April 26, 2011 11:08 AM
Shares of Evergreen Solar, Inc. (NASDAQ: ESLR) are higher on the session by 10.77%, currently trading at $2.17. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average.
Options traders are buying calls on the name today. A short while ago the June 2011 $2.00 call was purchased 2,000 times, on the offer, on open interest of 5,866 contracts.
Overall call volume is now running at 2.55x the daily average with 72% of all calls traded being purchases on the offer.
Evergreen Solar, Inc. develops, manufactures and markets String Ribbon solar panels, utilizing its wafer manufacturing technology. The wafers the company produces are the primary components of photovoltaic cells, which, in turn, are used to produce solar panels.
