Traders Profit on E-House (China) Holdings Limited (ADR) (EJ) Bullish Options Activity

E-House Holdings Limited (EJ) is a holding company operating through its subsidiaries as a real estate services company. EJ is trading at $6.87 around the lower end of its 52 week range of $4.93-$12.48. Year to date the stock has underperformed the market falling by 5.11%. The stock ripped to the upside in today’s session by about 15.01% or $0.89.

Early in the session a trader bought 2,825 of the EJ July 6.0 Calls for $0.60 when the stock was trading at $6.18. This order was recorded just a few minutes after the open on OptionHacker, and the stock rose about $0.71 to $6.89 after the trade hit the tape. Over 13,700 contracts have been traded today hinting at bullish sentiment. The EJ July 6.0 Calls have traded as high as $1.05 today making this a lucrative trade. This stock has been trading above the Ichimoku Cloud on the intraday time frames.

Trade: A trader bought 2,825 of the EJ July 6.0 Calls for $0.60
Risk: $60 per 1 lot
Breakeven: $6.60

If a trader bought a 20 lot of these Calls they would have profited $900 at the highs on $1,200 in risk. This is a great example of a hugely profitable UOA trade.

Andrew Keene

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