The stock is changing hands at $193.02, up $12.13.
From Schaeffers Research:
First Solar, Inc. (FSLR) might have surprised the Street with stronger-than-expected earnings last Thursday, but option players have loaded up on put options in the days since. In fact, near-term put open interest has ballooned by nearly 25% since April 30, while comparable call open interest has edged just 3% higher.
As a result, FSLR's Schaeffer's put/call open interest ratio (SOIR) arrived today at 1.30, its highest level in months. This SOIR ranks higher than 83% of other such readings taken during the past year, indicating that short-term option players have been more pessimistically aligned just 17% of the time....MORE