Easy on NetEase | PowerOptions Web Log
NetEase’s (NTES) stock option volume went ballistic yesterday, both call option and put option. NetEase’s stock price was also down 5% on high volume. NetEase operates interactive online applications in China. It provides products in three segments: online game services, advertising services and wireless value-added services. NetEase’s competitors include Sina Corp (SINA), Sohu.com (SOHU) and TOM Group (private). NetEase’s stock price is up over 100% from its low price in December of 2008 and has taken a pretty good hair cut over the last couple of weeks. Yesterday’s haircut was in response to China’s increased online gaming restrictions related to foreign companies. As a result, NetEase may have to forgo marketing the game World of Warcraft in China, as NetEase licenses the game from a U.S. company Activision Blizzard (ATVI). Sign up now for PowerOptions 14-day free trial Call option volume for NetEase for October expiration was extremely large across...
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