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