Small Cap Pulse | First Solar Put Strategy Looking Solid

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First Solar Put Strategy Looking Solid - June 100 Puts Up 41% In Week

SCP Editor

Posted: 17 February 2010 07:35 AM

[ Ignore ]

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Total Posts: 49

Joined 2008-05-06

February 17, 2010 - Last Wednesday we suggested that, on a pullback to about $108, First Solar (Nasdaq:FSLR)looked attractive, and a good strategy for taking advantage of the recent weakness in the stock would be to sell the June 100 puts, for about $10.

If you would have sold June 100 puts then, you would be up about 41% on that strategy as of the open this morning.

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‹‹ Selling Puts on First Solar (Nasdaq:FSLR) - June 100s Look Good Suggest Locking in 50%+ Gain on FSLR June 100 Puts ››