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Schaeffer's Sentiment Snapshot: Solarfun Power Holdings Co., Ltd. (SOLF)

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  Published in Science and Technology on Monday, February 9th 2009 at 10:02 GMT, Last Modified on 2009-02-09 10:02:52 by Market Wire
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CINCINNATI--([ BUSINESS WIRE ])--Optimistic options players have found a ray of sunshine in China-based Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF) recently. During the past couple of weeks, speculators on the International Securities Exchange (ISE) have bought to open more than 38 times as many calls than puts. This lofty ratio of calls to puts registers in the 98th percentile when compared to similar readings during the past year, implying that options traders on the ISE have rarely been more bullishly skewed toward SOLF.

These newfound fans in the options pits are likely cheering the fact that the shares of SOLF have seemingly shrugged off a bout of bearish brokerage news today. Ahead of the bell, Barclays Capital initiated coverage on the equity with an "underweight" rating and a price target of $3.50.

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