Traders Cautious on Asiainfo (ASIA)
Shares of AsiaInfo-Linkage, Inc. are lower on the session by 2.77%, currently trading at $17.52. The stock has been moving largely lower over the past six months, off from a recent high near $32.00, and is trading well below the 50-day moving average.
Options traders are betting still worried about the downside in the name. Though put action has been primarily in small lots, volume is now running at 13.65x the daily average. The October $17.50 put was purchased 655 times on open interest of 237 contracts and the October $16.00 put was purchased 505 times on no prior open interest.
Puts that have traded have been purchased on the offer 89% of the time.
AsiaInfo-Linkage, Inc., formerly Asiainfo Holdings, Inc., provides telecommunications software solutions and information technology security products and services in China. The company's operations are organized into two divisions: AsiaInfo Technologies Inc. and Lenovo-AsiaInfo Technologies, Inc.
For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.
