Chinese ADR's

[chrich12]

HOGS

Bearish Flow
Zhongpin (HOGS) is down 19 cents to $8.52 and puts on the Chinese meat producer are seeing action again today. Volume is 23,000 contracts, which is 5X the norm and compares to 4,670 calls. Aug 7.5 puts, which are 11.9 percent OTM and expire at the end of the week, are the most actives. 11,110 traded. Aug 10 and Sep 7.5 puts are seeing interest as well. Implied volatility is up 7 percent and remains elevated at 123. The bearish flow appears to be in reacton to a negative blog (Seeking Alpha) article questioning the company's financials.

http://seekingalpha.com/article/288088-wednesday-options-recap?source=yahoo

http://seekingalpha.com/article/287972-zhongpin-overstated-income-excessive-capex-and-deceptive-saic-filings?source=yahoo