Bulls Take a Shine to Yingli Green Energy

July 8, 2013 by  
Filed under Green Energy News

Friday’s calls lock in a $4 purchase price for the Yingli’s stock no matter how far it might rise, but they will expire worthless if shares remain below that level through mid-August. The last time it closed above $4 was Feb. 17.

Total option volume in the name topped 9,000 contracts in the session, more than nine times its daily average for the last month, with overall calls outnumbering puts by a bullish 10-to-1 ratio. Yingli also saw upside call buying on June 17.

The company is scheduled to present at the Intersolar North America 2013 industry conference, which begins on Thursday.

—By CNBC Contributor David Russell

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Mike Yamamoto is Managing Editor for OptionMonster. Yamamoto has no positions in YGE.

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