This is not the kind of market where it pays to get greedy. Let’s book fast profits on our First Solar (FSLR) put, earning a 0.3% return in three days, or 39% annualized.
Note that the spread between the bid and the ask is wide. So please use limit orders and adjust them as needed to exit the position.
Current Stock Price: $173.01
Cash in Hand: $1.81
Action: Buy to close the FSLR Feb Week One (2/3) 160 Put for around $1.30, but adjust as needed to close today
Profit: $0.51, or $51 per contract