JA Solar Holdings reported that third-quarter net income climbed to $22.1 million, or 47 cents per share, a significant gain from their year-ago results of $550,000, when the company wasn't listed. Analysts were expecting earnings of 36 cents per share for the quarter. Revenue for the period jumped to $113.4 million from $33.1 million last year. JASO also raised its revenue estimate for the year to $320 million to $310 million from its previous range of $280 million to $290 million.

The shares of JA Solar have marched steadily higher since their February debut, climbing atop double-barreled support from their 10-week and 20-week moving averages in the process. After gaining nearly 16% in yesterday's session, the shares are showing an early loss of more than 18%.

The early decline sets JASO south of peak call open interest in the front-month series, which lies at the November 70 strike. Calls are dominating puts among near-term options, as revealed by the Schaeffer's put/call open interest ratio of 0.84.