First Solar (FSLR) is rallying today, pushing our put back out of the money. I am recommending we close it now for a small profit rather than risking being assigned shares or having to roll the position.
Current Stock Price: $195.34
Cash in Hand: $1.41
Action: Buy to close the FSLR Jun Week Two (6/9) 195 Put for around $1.25, but adjust as needed to close today
Profit: $0.16, or $16 per contract