Call Spread Sold in Asiainfo Holdings

Shares of Asiainfo Holdings Inc. ASIA are rising nicely higher today, currently trading up 3.31% to $22.17. I cited bullish options activity in the name yesterday. Today, it looks like traders are taking profits in the name with the July $22.50/25 call spread apparently sold over 1,000 times. Open interest on both those lines exceeds volume, further emphasizing that a position has been likely closed. Call volume is now running at 2.54x the daily average, but only 1% of all calls traded have been purchases on the offer. Asiainfo Holdings Inc. provides telecommunications software solutions and information technology (IT) security products and services in China.