Sohu.com Call Volume Soars Despite Post-Earnings Plunge

The shares of Sohu.com (SOHU), China’s third-largest search engine, are being hammered this morning, with the stock plunging more than 15% in the wake of a poorly received fourth-quarter earnings report. Specifically, Sohu.com posted an unexpected 39% drop in profit, with the company citing acquisition charges and eroding advertising and games sales. However, the shares’ weakness has not dissuaded options traders from piling into SOHU calls.