500.com Ltd Draws Bullish Options Activity Today

 500.com Ltd Draws Bullish Options Activity Today

In today’s session 500.com Ltd (WBAI) registered an unusually high (801) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious WBAI increase. With 801 contracts traded and 1014 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: WBAI161216C00017500 closed last at: $0.5 or 16.7% down. About 57,794 shares traded hands. 500.com Ltd (NYSE:WBAI) has declined 22.81% since April 11, 2016 and is downtrending. It has underperformed by 28.96% the S&P500.

According to Zacks Investment Research, “500.com Limited provides online sports lottery services in China. The company offers a suite of online lottery services, information, user tools, and virtual community venues to its users. It provides its services through its mobile applications to mobile users, as well as through its online platform. 500. com Limited is based in Shenzhen, the People’s Republic of China.”

500.com Limited is an online sports lottery service well-known provider in China. The company has a market cap of $522.50 million. The Firm acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers. It currently has negative earnings. The Firm offers an integrated suite of online lottery services, information, user tools and virtual community venues to its users.

WBAI Company Profile

500.com Limited, incorporated on April 20, 2007, is an online sports lottery service well-known provider in China. The Firm acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers. The Firm offers an integrated suite of online lottery services, information, user tools and virtual community venues to its users. The Firm provides its registered users with a range of lottery sales services that include Individual Lottery Purchase, Lottery Pool Purchase, Automatic Tag-along Purchase, Recurring Purchase and Locked-in Lottery Number Purchase.

More notable recent 500.com Ltd (NYSE:WBAI) news were published by: Streetinsider.com which released: “Form 6-K 500.com Ltd For: Nov 08” on November 08, 2016, also Fool.com with their article: “Why 500.com Ltd. Stock Plunged (Again) Today” published on February 25, 2015, Prnewswire.com published: “500.com Limited Files Annual Report on Form 20-F for Fiscal Year 2014” on April 27, 2015. More interesting news about 500.com Ltd (NYSE:WBAI) were released by: Streetinsider.com and their article: “500.com Ltd. (WBAI) Misses Q1 EPS Views; CEO Man San Law Resigns” published on May 19, 2015 as well as Marketwatch.com‘s news article titled: “/quotes/zigman/3870025/realtime” with publication date: November 21, 2013.

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