Over 3600 of the Sep 7-8 call spreads have traded through electronic platforms.
E Commerce China Dangdang ADR, trading 5.44 with an IV30 of 82.06 and an HV10 of 105.73, is seeing bullish call flow today.?? The ADR with an ADV of 1600 and an OI of 59511 is seeing customer buy the September 7-8 call spread.? On the day just over 3600 of the Sep 7-8 call spreads have traded through electronic platforms with most of the flow trading for around .16.? There is open interest on both lines, but this is likely an opening trade.
The customer is looking for DANG to begin to move higher after what has been an incredibly rough stretch after earnings a few weeks back.? The customer seems to think that at some point the stock will turnaround, but wants time, with this trade he or she has 4+ months for DANG to get back to where it was trading in April.
This trade is bullish the underlying and volatility.