I am recommending we book profits on our Corning (GLW) and First Solar (FSLR) puts. With both positions, there is simply too much cash on the table to keep them open.

FSLR Aug Week Four (8/28) 74 Put

Current Stock Price: $77.22

Cash in Hand: $0.54

Action: Buy to close the FSLR Aug Week Four (8/28) 74 Put

Current Option Price: $0.14-$0.20

Recommended Limit: Set your initial limit order at $0.17, but adjust as needed to close today

Profit: $0.37, or $37 per contract

Rate of Return: 0.5% in two days, or 92% on an annualized basis

GLW Aug Week Four (8/28) 32 Put

Current Stock Price: $33.01

Cash in Hand: $0.84

Action: Buy to close the GLW Aug Week Four (8/28) 32 Put

Current Option Price: $0.06-$0.10

Recommended Limit: Set your initial limit order at $0.08, but adjust as needed to close today

Profit: $0.76, or $76 per contract

Rate of Return: 2.4% in 16 days, or 54% on an annualized basis