Following up on the post immediately below, "First Solar: Pity the Poor Shorts as the Stock Sets Another New 18-month High, Up $6.90 on the day (FSLR)" we have Benzinga:
Goldman Sachs is out with a research note this morning, where it suggests that traders sell covered strangles on First Solar (NASDAQ: FSLR).I may have to change the title of the "Goldman Sachs vs. the First Solar Bears: "First ya tree 'em, then ya kill 'em" (FSLR)" post to "First ya tree 'em, then ya kill 'em then ya strangle 'em".
Goldman Sachs Alternative Energy analyst, Michael Wienkes, is bullish on the long-term potential for FSLR shares and recently upgraded the stock to Conviction Buy.
Given that management held a conference call in December where they discussed their 2011 guidance, he expects shares to be less volatile than normal around the upcoming earnings release.
The analysts recommend selling the February $150/165 covered strangle for $6.02....