Traders Cheer as Sky-mobi Limited (MOBI) Gets Walloped

Sky-mobi Ltd (NASDAQ:MOBI) is getting destroyed on quarterly earnings

May 26, 2015 at 10:22 AM
facebook twitter linkedin

Sky-mobi Ltd (ADR) (NASDAQ:MOBI) is taking it on the chin amid poorly received quarterly results. Specifically, the shares are down 7% at $4.14, bringing their year-over-year deficit to 42.3%. However, a number of short-term options traders may be pleased with the downward move.

Among options expiring in the next three months, open interest is tilted in a slightly more put-skewed direction than usual. Specifically, MOBI's Schaeffer's put/call open interest ratio (SOIR) of 0.19 outstrips 62% of comparable readings from the past year.

Elsewhere on the sentiment front, short interest more than doubled during the most recent reporting period. However, even after that surge, just 1% of Sky-mobi Ltd's (NASDAQ:MOBI) float is sold short -- and would take less than a single session to repurchase, at typical daily trading levels.

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 


300x250 - Banner 3 - v1