After taking profits on the AZO trade I decided to use some of that freed capital to open a spread trade on FSLR.
It looks like FSLR should have some good support at 140 level.
Aug FSLR 130/135 Bull Put Spread
If the trade can expire in 2 weeks successfully then I will get $400 for a 16% return.
4 comments:
Hi Goldsmith -- looks like you are in the same position I was about a year ago ... starting to make some more complex trades.
I have started a blog as well to share some advice from a novice )hoping to become an expert). Feel free to following along:
http://options-trading-notes.blogspot.com/
I am in trouble with a similar spread on FSLR. This stock has been dropping relentlessly for the past two weeks. It broke through below $130 this morning before recovering slightly.
I have a naked September put position on this at $130 which I may rollover to a spread in September at a much lower strike price.
I like this stock for the long term -- but short term there are a lot of negatives.
FYI -- Had to roll down this position to an September 105 Put. It has been falling relentlessly on negative comments.
Wow, I have totally missed all your comments. I was on vacation for most of august. I ended up completely exiting my FSLR trade for a loss as I didn't have much time in august to look at where the stock was going.
I have added my email address to receive emails of any new comments, so I will be able to respond a little quicker. :)
I look forward to following your trades as well.
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