Volume Spike Investor

JA Solar Holdings Co., Ltd. (NASDAQ: JASO) rarely makes the list of unusual trading stocks, but today is even more notable as the stock is making the list of today’s most active stock options contracts traded.

Option/Strike               Volume  OpInt
AUG08 $20.00 CALLS    3,039    539

So the open interest will have just increased by a significant move.  3,000 contracts on its own might not seem like a major trade or like a major move, but it represents a far larger position than has been seen.

JA Solar has been just as volatile as other solar stocks.  The stock is down considerably by 5% after an hour and 20 minutes of trading.  As of 10:54 AM EST we have seen 2.31 million shares trade hands, well under the 6.86 million on average day.

Jon Ogg
June 30, 2008