Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

58.com Calls In Play As Shares Rally

Call options on 58.com are active today amid strong gains in shares of the operator of an online marketplace in China. WUBA shares are currently up almost 9.0% on the session, trading at $49.95 and the highest level since March. July expiry calls are seeing the most volume this morning, with the July 50.0 and 55.0 strike contracts trading more than 1,700 and 1,200 times respectively. Most of the 50.0 and 55.0 strike call options appear to have been purchased at average premiums of $1.83 and $1.00 in the early going. The Aug 55.0 strike calls are also changing hands, with more than 650 of those calls in play against zero open interest. It looks like most of the Aug 55.0 strike calls were purchased at an average premium of $1.95 each, positioning buyers to profit at expiration should shares in 58.com rally another 14% to exceed the breakeven price of $56.95. Second-quarter earnings from the China-based company are expected to be released in August.


Tags:

Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!