Calls Sold in SmartHeat Inc.

Shares of SmartHeat Inc.

are falling sharply lower today to $6.97, off 7.93%, after the company announced earnings. They beat by $0.02 on the EPS, beat on revenue, and reaffirmed guidance, but the Street seems unimpressed. Calls are being sold in SmartHeat Inc. today as well, pushing cal volume to 2.09x is average daily volume. Only 8% of calls purchased have been purchases on the offer. The May $7.50 call was sold 2,000 times for $0.25 a short while ago. Open interest on that strike is 2,934 contracts, indicating that a long call holder sold out of their position for lack of bullishness.