Our Best Buy (BBY), First Solar (FSLR), Micron Technology (MU), The Trade Desk (TTD) and SPDR S&P Biotech ETF (XBI) protective puts are on track to expire worthless. We will simply watch them do so. BBY Jun Week Four (6/24) 64 Put Note: No action is needed on the BBY Jul Week One (7/1) 72.50…
Best Buy (BBY) has been hammered this year along with other discretionary retailers, hit by fears of recession and supply chain issues. But the company has an extensive track record of riding out softness in the economy. First Solar (FSLR) is one of my two favorite solar stocks. Sunrun (RUN) is the other. Real-world fundamentals,…
The market has been savaged by fears of inflation, recession and higher interest rates. Since the May inflation report was released one week ago, the S&P 500 is down nearly 9%. Our First Solar (FSLR), Mosaic Company (MOS) and Micron Technology (MU) are deep underwater. I am recommending we accept shares, as the math of…
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…
Given the high likelihood of a sell-off following the conclusion of the Federal Reserve meeting tomorrow, I am recommending we buy protective puts on some of our most volatile names. This will effectively turn the First Solar (FSLR), Mosaic Company (MOS), Roku (ROKU) and The Trade Desk (TTD) positions into spreads. Note that these puts…
I am recommending we roll our First Solar (FSLR), Mosaic Company (MOS), Micron Technology (MU) and The Trade Desk (TTD) puts. FSLR Jun Week Two (6/10) 70 Put Current Stock Price: $71.61 Net Debit: $13.68 Action: Buy to close the FSLR Jun Week Two (6/10) 70 Put for around $0.53 Sell to open the FSLR…
First Solar (FSLR) is rallying today. I am recommending we roll our put out one week to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will be managing and…
I am recommending we roll our First Solar (FSLR), Mosaic Company (MOS) and The Trade Desk (TTD) puts to generate more income and reduce our net debit on the positions. FLSR May Monthly (5/20) 70 Put Current Stock Price: $66.08 Net Debit: $15.42 Action: Buy to close the FLSR May Monthly (5/20) 70 Put for…
First Solar (FSLR) reported earnings late last week. While its first-quarter net loss of $0.41 per share was slightly above estimates, revenue fell short of expectations. However, Wall Street seemed satisfied with the report, as shares are up around 1.9% since the announcement. This was likely due to management reaffirming its guidance for 2022 and…
First Solar (FSLR) is scheduled to announce earnings tomorrow. The stock got a boost today from a positive earnings report from competitor Enphase Energy (ENPH). I am recommending you sell your shares now and we will re-enter the position after First Solar reports. Current Stock Price: $72.30 Cost Basis: $89.45 Action: Sell shares at market…
