From Schaeffer's Research:
Put Liquidations Hit First Solar
First Solar Inc. (FSLR) was the center of some heavy option trading on Friday, as traders flocked to the stock's puts. The security saw more than 88,495 contracts change hands, which is nearly three times the equity's average daily trading volume of 32,623 contracts. What's more, roughly 54% of this volume changed hands on the put side, according to data from WhatsTrading.com.
Digging into the action, the August 125 put liquidated roughly 5,000 positions, lowering its open interest to 15,759 contracts. Meanwhile, the August 140 put added nearly 4,000 new positions, lifting its open interest up to 6,147 contracts....MORE