NaughtyPines

FSLR -- EARNINGS PLAYS VIA OPTIONS

NASDAQ:FSLR   FIRST SOLAR INC
FSLR             announces earnings tomorrow after market close, so look to put on a play in the final hours of the NY session.

Here's two setups, one of which is an undefined risk trade; the other, defined:

FSLR             March 4th 55.5/73.5
Probability of Profit: 74%
Max Profit: $144 per contract
Buying Power Effect: Undefined

FSLR             March 4th 53/56/72/75 Iron Condor
Probability of Profit: 66%
Max Profit: $79 per contract
Buying Power Effect: $221/contract

Notes: I had to goof around with the iron condor setup, since the strikes "thin out" at 75 and increase to 5 dollar increments, making it difficult to set your short strikes at the 85% probability OTM strike with your long options 3-4 strikes out from that, so the max profit isn't what I'd ordinarily like to see.
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