Shares of ReneSola Ltd. SOL are higher on the session by 0.51%, currently trading at $4.90. The stock has been moving largely lower over the past five months and is currently trading below the 50-day moving average.
Options traders are buying puts on the name today. A short while ago the January 2012 $3.00 put was purchased 3,000 times, on the offer, on open interest of 391 contracts.
Overall put volume is now running at 3.36x the daily average with 99% of all puts traded being purchases on the offer.
ReneSola Ltd. is a manufacturer of solar wafers and producer of solar power products based in China. The company possesses a global network of suppliers and customers that include some of the global manufacturers of solar cells and modules.
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