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Schaeffer's Daily Option Blog: Put Buying Gains Traction as First Solar, Inc. Threatens to Break Support.

CINCINNATI -- First Solar, Inc. (NASDAQ: FSLR) has attracted the attention of put players during the past week. Traders on the International Securities Exchange (ISE) have bought to open 13,791 puts during the past five days, compared to 10,018 calls -- in other words, 1.38 times more bearish bets than bullish have been purchased.

Investors' downbeat attitude toward the solar stock is also reflected in FSLR's Schaeffer's put/call open interest ratio (SOIR), which arrived today at 1.39. Not only does this reading reveal that puts outnumber calls among options set to expire within three months, it also ranks just 10 percentage points from an annual pessimistic peak..

To continue reading this article, click here: http://www.schaeffersresearch.com/marketcenters/optionscenter/default1.aspx?id=94528&source=businesswire
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Publication:Business Wire
Date:Aug 10, 2009
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