*****UPDATE***** 7/15/2012

ONLY 20 OF THE 25 CONTRACTS WERE FILLED AT .41 CREDIT FRIDAY. IT LEFT US STILL IN A POSITION OF HOLDING FIVE CONTRACTS.

BASED ON FUTURES AND PRE MARKET TRADING IN FSLR TRADING TOMORROW, I WILL DECIDE WHETHER TO LEAVE THIS TRADE OPEN @.41 SELL FOR CREDIT, CANCEL OR ADJUST UP THE PRICE.

IT WILL BE NOTIFIED ON THE TWITTER STREAM NOT RSS IF ISSUED BEFORE 9:30 AM EASTERN, AS WILL BE BUSY AT WORK AND DO BEST I CAN TO NOTIFY.

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*****UPDATE*****7/13/2012

EXIT FSLR AT .41 CREDIT LETS TAKE A MANAGEABLE LOSS OF .16 PER CONTRACT AND HIT THE ROAD JACK!

FSLR LINGERING AROUND HERE AND NOT BREAKING BELOW 14 WITH CONVICTION LEADS ME TO BELIEVE WE MAY GET A SQUEEZE IN HER NEXT WEEK.

TAKE OUR MONEY AND REDEPLOY LATER.

Order Details

You are entering a spread.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Close 25 FSLR Put FSLR Jul 21 2012 12.00 Put Credit 0.41 Good Til Cancel
Leg 2 Sell to Close 25 FSLR Put FSLR Jul 21 2012 14.00 Put
Est. Trade Value: $1,025.00
Est. Commission: $16.45
Net Cash Result: $1,007.19
Quote FSLR   14.08   0.07 Bid 14.07 Ask 14.08 Volume 1,715,049
FSLR JUL 21 2012 12.00 PUT
FSLR JUL 21 2012 14.00 PUT
Bid 0.05 0.46
Ask 0.06 0.47
Last 0.05 0.45
Change -0.02 [-28.57%] -0.15 [-25.00%]
Volume 124 868
Delta -0.08 -0.46
Open Int 8,866 3,267
Desc FSLR Jul 21 2012 12.00 Put FSLR Jul 21 2012 14.00 Put
Net Quote
Bid (natural)
0.40credit
Mid
0.41credit
Ask
0.42credit
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FSLR IS PURE GARBAGE, PLAIN AND SIMPLE.

NO MORE THAN 8% TO TRADE

Order Details

Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 25 FSLR Put FSLR Jul 21 2012 14.00 Put Debit 0.57 Day Order
Leg 2 Sell to Open 25 FSLR Put FSLR Jul 21 2012 12.00 Put
Est. Trade Value: $1,425.00
Est. Commission: $16.45
Estimated Fee: $1.35
Funds required for this trade: $1,442.80

Quote FSLR   14.61   -0.74 Bid 14.60 Ask 14.61 Volume 4,030,666
FSLR JUL 21 2012 14.00 PUT
FSLR JUL 21 2012 12.00 PUT
Bid 0.82 0.25
Ask 0.83 0.26
Last 0.83 0.26
Change 0.19 [29.69%] 0.06 [30.00%]
Volume 658 1,276
Delta -0.38 -0.14
Open Int 3,732 7,719
Desc FSLR Jul 21 2012 14.00 Put FSLR Jul 21 2012 12.00 Put
Net Quote
Bid
0.56debit
Mid
0.57debit
Ask (natural)
0.58debit

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