First Solar (FSLR) is falling today. Let’s get out now rather than risk having to roll out past next week’s earnings announcement.
The spread between the bid and the ask are wide. Work your limit as needed to exit quickly.
Current Stock Price: $95.14
Cash in Hand: $3.45
Action: Buy to close the FSLR Feb Monthly (2/19) 97.50 Put
Current Option Price: $3.15-$3.65
Recommended Limit: Set your initial limit order at $3.40, but adjust as needed to close today
Profit: $0.05, or $5 per contract
Rate of Return: 0.1% in 23 days, or 1% on an annualized basis