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Income Masters Trade Alert: FSLR

The protective put I recommended on First Solar (FSLR) is below the price we paid for it following the market’s pop and drop. I want to keep our hedge in place.

Therefore, I am recommending you roll the purchased put out one week and to a lower strike for a debit. Doing so could pay off handsomely if the market continues to sell off over the next few days.

Note: No action is needed on the FSLR Jun Monthly (6/17) 71 Put at this time.

Current Stock Price: $62.01

Net Debit: $13.76

Action:

  • Sell to close the FSLR Jun Monthly (6/17) 62 Put for around $1.07
  • Buy to open the FSLR Jun Week Four (6/24) 60 Put for around $1.33
  • Set initial debit limit at $0.26, but adjust as needed to roll today

New Net Debit: $14.02

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