On Monday Night, with FSLR sitting at its worse price per share in its history and the shorts salivating at further declines I called for a bounce. I even put my money where my mouth is and bought the $22 and $23 calls.
That circle in the chart is the price when I wrote about FLSR on Monday.
To put the call I made on Monday in perspective, the $22 calls were at $.19 and the $23 calls were at $.10 for FSLR.
Today those $23 calls hit $1.21. $.10 to $1.21 over a 1,000% gain. $100 into $1,210
The $22 calls hit $2.03 today from $.19, a ten bagger as well. $190 into $2,003
There was ample time to get these calls yesterday after the open at $.10 and $.19, as the FSLR shorts tried to take the stock under $20 twice but failed. We, however, succeeded and locked in some huge profits on FSLR. I even bought the $21 calls for good measure yesterday and posted in the chat room. I bought 10 for a price of $.37. Today those calls hit $2.88 for a huge profit. An initial $370 buy ( I don’t buy more than $500 in an OTM call/put) to $2,880. Not bad for doing nothing but following your own instinct. I hope you followed as well. If not maybe next time.