First Solar Strangle – CLOSED
December 8th, 2009, 3:58 pm EST. Posted under Margin Portfolio (MP) by ThetaTrader.
Post Tags: , CLOSED, FSLR
12/08/2009 – ThetaOptions Margin Portfolio - FSLR Short Strangle Initiated
First Solar has been trading between 165-115 for the past 90 days. Therefore we feel it’s pretty safe to try & scalp some premium buying selling another wide strangle on them for the month of JAN.
Order Filled:
Sell To Open: (1) JAN10 105/165 CALL/PUT Strangle – $62.85 Credit
Position: Requires $2750 in margin to make $275 or 10% risk/reward
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