Option flow in Fingermotion points to difficulting shorting shares. Shares up $0.55, or 15.89%, this morning near $4 with 30day at-the-money implied volatility up 26 points to 199% and nearly 4k calls trading by noon, 4x the total average daily option volume in the names. Option prices imply a cost near 92% to short shares of the China-based mobile payment operator which are up nearly 300% in the past two weeks.
Published first on TheFly
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