Thursday, June 26, 2008

Trina Solar Ltd. Added to Goldman's Conviction Sell List (TSL)

I've only seen this at Trade the News. True or not, the September calls are looking very attractive.
From TtN:
Yesterday 08:47pm
Trina Solar Ltd. Added to Goldman's Conviction Sell List; Price Target cut to $23 from $38

- Shares cut to sell from neutral

Last trade $35.36 down $2.73 (7.17%)
The stock qualifies for inclusion in the Russell Global Index, which is rebalancing after the close June 27, and is on Russell's addition list.
The next earnings release is scheduled for Aug. 21, the Aug. options expire 8-15 which is why I say September (exp. 9-19) calls. Via Yahoo:

StrikeSymbolLastChgBidAskVolOpen Int
10.00TSLIU.X38.60 0.0024.9025.70119
12.50TSLIV.X29.00 0.0022.4022.90018
15.00TSLIY.X18.60 0.0019.9020.6009
17.50TSLIW.X29.90 0.0017.5018.10752
20.00TSLID.X17.90 0.0015.4015.80136
22.50TSLIX.X15.80 0.0013.3013.7010138
25.00TSLIE.X11.60Down 2.1011.3011.7032217
30.00TSLIF.X8.40Down 1.708.008.4033403
35.00TSLIG.X5.70Down 1.205.305.7015679
40.00TSLIH.X5.00 0.003.503.8066640
50.00TSLIJ.X2.15 0.001.501.5526930
55.00TSLIK.X1.40 0.000.951.053458
60.00TSLIL.X0.85 0.000.550.65101,318
65.00TSLIM.X0.60 0.000.300.457361
80.00TSLIP.X0.20 0.00N/A0.152182