Puts Purchased on Evergreen Solar (ESLR)
March 21, 2011 3:50 PM
Shares of Evergreen Solar (NASDAQ: ESLR) are higher on the session by 15.57%, currently trading at $1.41. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages.
Options traders are buying puts on the name today. A short while ago the April 2011 $1.00 put was purchased 1,000 times, on the offer, on open interest of 0 contracts.
Overall put volume is now running at 12.87x the daily average with 100% of all puts 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 (PV) cells which, in turn, are used to produce solar panels.
