Let’s book fast profits on our First Solar (FSLR) put, earning a 0.4% return in two days, or 67% annualized.
Current Stock Price: $173.36
Cash in Hand: $0.70
Action: Buy to close the FSLR Jan Week Two (1/13) 155 Put for around $0.13, but adjust as needed to close today
Profit: $0.57, or $57 per contract