Thursday, February 25, 2010

Housekeeping (FSLR again)

We have another excellent trade here folks.  First we did an earnings play.  See the link here: http://fahadstockworld.blogspot.com/2010/02/first-solar-fslr-earnings-play-21910.html

We made money as March 130/110 strangle expanded from $4.40 to $5.00.  Then we sold March $115 straddle:  Here is the link: http://fahadstockworld.blogspot.com/2010/02/housekeeping-fslr.html

Now, the stock has collapsed as expected trading at $100 and we have made the most amount of money we could have on both trades. Instead of tying up cash any longer, I am closing the entire position.  The net result is 52% profit since Feb 18.  

Booyah!