Wednesday, April 30, 2008

Bought and Close FSLR 280 May Put Options at 8.80 and 10.90

FSLR as usual always have a high jump after their earning. They did it again this quarter, beat the estimation and raise forecast. It's up more than $20 in the morning, I bought a 280 Put options at 8.80 each. Based on historical record, it will always went down the second day. Therefore, I set a sell order at 10.90 and just leave it, few hours later when I check my brokerage account, the order got executed, day high at that time was $12.50. But I'm pretty happy with 21.78% gain in 2 hours period :)

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