New Trade in FSLR

[Steven Place]

Daily chart shows an RSI divergence and we’ve got a clear level that signals a change in trend on an intermediate term basis.

Now an entry right now is actually a little “chasey” so don’t be surprised if the stock pulls back into lunch. Basically as long as 41 holds this is going to be a fine trade.

Buy to open FSLR March 45 calls at 3.70

Stops on loss of 41, sell half at 47.48

[Steven Place]

Going to call this good enough with respect to our target. The daily chart has price above the Bollinger Band, and it’s already seen a 1xATR move.

Sell to close HALF SIZE FSLR March 45 calls @ 5.30

[Steven Place]

Got lucky on the SPWR/FSLR news, stock’s now trading at 57. Time to bail on second half here.

Sell to close Mar 45 call @12.00 or higher.

[Author]

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