Options Brief: Qiao Xing Universal Resources

Shares of Qiao Xing Universal Resources XING are lower on the session by 8.82%, trading at $1.11. Overall put volume is now running at 21.42x the daily average, with 17% of all puts traded being purchases on the offer. 2,463 contracts have traded on the session so far. Qiao Xing Universal Resources, Inc. is principally engaged the sale of telecommunication terminals and equipment, including cord and cordless telephone sets, in the People's Republic of China; the production and sale of mobile phones and accessories in the People's Republic of China, and the production and sale of molybdenum concentrates in the People's Republic of China.