Failed Breakdown in FSLR

[Steven Place]

Buy to open FSLR Apr 70 Calls @4.15 or lower

Stop out on close below 50 day moving average

SEll half into 73

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[Dale Ryker]

I sold an APR 60 Put for $1.34, thinking I would be slightly more conservative. Any reaction?

[Steven Place]

That trade’s fine too. Delta is delta. I just bought calls because I want to get paid if we see any proper upside movement.

[Steven Place]

73 hit, time to scale half.

Sell to close half size FSLR Apr 70 Calls @4.40 or higher

Bid/ask is pretty wide right now so getting fill will be a little diffuclt. Just float the orders out and you should be OK.

[Author]

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