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Options News Traders are betting Evergreen Solar can play catch up to the sector

Traders are betting Evergreen Solar can play catch up to the sector

Evergreen solar (ESLR) is seeing the second day of unusual call activity with 11k calls traded in the first 30 minutes of today's session. The strike that was in focus yesterday, was the June 2.50 calls where 5,900 contracts traded. Today, activity is already 700% the expected amount of calls to trade with traders looking for more  upside in the 5 strike in July and September. Order flow is bullish with 70% of the activity trading on the offer and implied volatility is flat from yesterday.

Shares of (ESLR) have been a laggard in the space with most of the sector trading above the 200 SMA. Just yesterday shares where able to surge above the 50 SMA and is seeing push back today at the 200 SMA.

(This appeared in our Trader Pro Service this afternoon )


Activity finished the day with 29k calls traded vs 2,627 puts with 50% of the order flow being traded on the offer.

eslr611

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