FSLR = Sweet Like Candy

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Last night I wrote about FSLR  http://www.optionmillionaires.com/2012/fslr-a-few-more-flops-before-it-dies/   I was quick to say a rally was coming and I held the $22 and $23 calls.  Today those calls were up over 180% each.  You could have bought all the FSLR options at great prices this morning and joined me and others in making a sweet return. FSLR was up close to 8% at one point today and posted the second highest gain in the S&P 500 today.

In the Option Millionaire Chat Room this morning I posted the $21 calls at $.37, which was my purchase price this morning on 10 contracts.  Those options hit a price of $1.35 a $370 investment into $1,350.  I also bought the $20 calls at $.67, they went well over $2.00.  FSLR, with 44% of the stock short, should  continue to squeeze higher.

 

 

 

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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