Origin Agritech Explodes Higher; Calls Sold (SEED)

Shares of Origin Agritech Limited SEED are markedly higher on the session by 14.34%, currently trading $9.25. The stock has been grinding lower for the past few months, but has breeched the 50-day and 200-day to the upside with today’s rally. Options trading in the name is favoring call sales today. The June $9 call was sold 1,074 times today on open interest of 1,024 contracts in addition to 2,200 June $10 calls being sold on open interest of 2,336 contracts. This suggests long call holders are exiting their positions. Origin Agritech Limited is a technology-focused crop seed company serving Mainland China. The Company's activities include the specialization in the research and development, production, and sales and marketing of crop seeds throughout the People's Republic of China.