JD.com attracts attention from option buyers
Option traders are taking a long position on Chinese online retailer JD.com (JD). In particular, activity in the Sept. 40 call showed up on our screens today. Total volume is 6,533 contracts, with much of that particularly in the early part of the day, trading on the high-side of the spread, including a single trade of 1,000 contracts that moved at the high for today. Given the prices paid, and that there were only 437 contracts on the board this morning at the open, it seems very likely that this buying is the opening of new positions.
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About JD.com Inc.
JD.com is China's second-largest e-commerce company after Alibaba in terms of transaction volume, offering a wide selection of authentic products at competitive prices, with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales and its online marketplace businesses. JD.com launched its online marketplace business in 2010.