Yesterday First Solar (FSLR) gapped down for the second down day in a row. It looks to me like the stock might be hitting support. I felt this was a nice premium for a position $3 OTM. I think FSLR tries to go up from here. I would like to see this position not get assigned. Only 2 days to go!
📉 With FSLR at $165.50, I sold 1 $162.50 Put expiring this Friday, collecting a premium of $1.53 per share, or $153 total.
Summary:
✅ Stock at $165.50
✅ Sold 1 FSLR Put with $162.50 strike, collecting $1.53 premium
✅ Total premium : +$153
📈 I feel First Solar goes up from here
This trade gets a Risk Factor 2
📈Successful trading,
Steve
The Options Coach
Lots of action on CLTE