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Yingli Green Sees Big Call Selling

SeekingAlpha |

In Brief...

Shares of Yingli Green Energy (YGE) are down 30 percent in the last three weeks, and option traders are selling the upside. YGE trades $10.05, down another 2.71 percent on the morning. More than 9,100 contracts have traded in the January 11 calls. The volume has been institutional in size, with big blocks selling, leading up to one print of 4.779. If sold naked, the calls have a bearish bias and will profit as long as YGE is below $11.45 at expiration.

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