FSLR
- Anup Ved
- Mar 20, 2016
- 1 min read
FSLR is testing 75 level again. But if you see the daily chart attached it has moved up very rapidly. I do believe that it will eventually breakout (monthly chart suggests a breakout) but right now at these price it looks expensive. A stock does not breakout after moving so rapidly, but it needs to consolidate near the resistance levels. So here you can easily sell options above 75 and profit from the premium decay. Also to maximize the profit you can buy some puts near the money and expect a sharp move down.
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