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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 NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: FSLR) has attracted the attention of put players during the past week. Traders on the International Securities Exchange (ISE Ise (ē`sā), city (1990 pop. 104,164), Mie prefecture, S Honshu, Japan, on Ise Bay. It is one of the foremost religious centers of Shinto, the site of the shrines of Ise. ) have bought to open 13,791 puts during the past five days, compared to 10,018 calls -- in other words Adv. 1. in other words - otherwise stated; "in other words, we are broke"
put differently
, 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 SOIR Schaeffer's Put/Call Open Interest Ratio
SOIR Simultaneous Operations on Intersecting Runways
), 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
Words:129
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