Reallifetrading

Possible Strangle on FSLR

NASDAQ:FSLR   FIRST SOLAR INC
Derek O was requesting this analysis.
These option strikes are located (in my opinion) at prices where IF FSLR             gaps there, it should continue.
Buying August gives you time. Total debit is $2.00.
A bearish gap down likely would have the most edge and trap a lot of bears.

Since the last 2-3 days are bullish and FSLR             gaps up, those who bought below $51.70 would probably sell at open

Therefore, I likely would sell the calls IF it gapped up and hold onto the puts.
If it gapped down, I would hold onto the puts.
Thanks for helping us Enrich Lives!
Stock didn't gap at all today, but ran down HARD. Huge candle and if you're in the puts, they are making money. You're up about .77 cents on the whole trade. If I were in the strangle, I would hold the puts into $41
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