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OIB Trade Alert: FSLR

First Solar (FSLR) popped today. Let’s book fast profits on our put position, earning an excellent annualized rate of return.

Current Stock Price: $73.84

Cash in Hand: $0.56

Action: Buy to close the FSLR Feb Week Two (2/11) 67 Put

Current Option Price: $0.06-$0.07

Recommended Limit: Set your initial limit order at $0.07, but adjust as needed to close today

Profit: $0.49, or $49 per contract

Rate of Return: 0.7% in two days, or 133% on an annualized basis

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