Sold 1 First Solar Put

First Solar (FSLR) — Cash-Secured Put

Here’s the breakdown of the trade—the selling of a Put option:

📈 Trade Details:

• Sell to Open: 1 contract of FSLR 7/3/25 $155.00 Put @ $2.50

• Premium Collected: $250

• Stock Price at Entry: $160

 

Trade Rationale:

The stock dropped $6 today on a down NASDAQ day and I don’t see it dropping another $5 by Thursday’s close. In addition RBC Capital analyst Christopher Dendrinos maintains First Solar with an Outperform and raises the price target from $188 to $200.

• If FSLR stays above $155 through expiration, I’ll simply keep the premium without having to buy the stock.

• If FSLR drops below $155 and I’m assigned, I’ll own 100 shares at $155 each, which I’m comfortable with given the multiple upgrades. My actual breakeven is $152.50 (strike price minus premium received) From there, I’ll shift into my “Wheel Strategy” and start selling Calls against those shares.

✅ Summary:

This is a straightforward income trade with the added benefit of picking up shares at a discount if assigned.

Why I Like This Strategy:
Selling cash-secured Puts is a way to either:
✅ Earn income if the stock holds up, or
✅ Buy a quality stock at a discount and keep collecting premiums by sellin

 

📈Successful trading,

Steve

The Options Coach