On Nov. 23 I sent the senior partner this email:
Here's why you keep me aroundThey traded with an 11 handle today.
The Dec 130 calls at $3.50 either go to $10 or $0.
Here's the history of the trade:
What First Solar Will Say on the Dec. 14 Guidance Conference Call (FSLR)
First Solar Options "Max Pain" at $130 (FSLR)
More on First Solar's New Tellurium Supplier (ASOE; FSLR; VNP.TO)
First Solar Gets to 200-Day Moving Average (again) Stops Dead (again) FSLR
More Options Strategies for First Solar (FSLR)
First Solar Hits 200 Day Moving Average, Stops Dead in its Tracks (FSLR)
First Solar: Trading the Dec. 14 Investors and Analysts Guidance Call--Buy it NOW (FSLR)
Repost: More on the First Solar Initiation by Susquehanna, Likes Dec. $125 Calls (FSLR)
Also this week:Nov. 17
First Solar Seems Headed for 200-day Moving Average on Credit Suisse Downgrade, Germany, Cramer (FSLR)
Rejoice Longs: First Solar Still the Most Shorted Stock in the S&P 500 (FSLR)
Correction: The stock did trade lower than the Nov. 23 prices on both the 29th and 30th.
Trying to do this by memory leaves room for error. [how convenient -ed]
Well bought is still half sold.
The stock never traded lower than the "buy it now" price.
Well bought is half sold.
I have a history of selling early, First Solar has a history of selling off.
Here's the conference call info:
2011 Guidance Conference Call
12/14/10 4:30PM ET