Schaeffer's Option Blog: First Solar, Inc. (FSLR) Fascinates Front-Month Put Traders.
The build-up of bearish bets fueled the equity's Schaeffer's put/call open interest ratio (SOIR) higher overnight, from 1.41 to 1.46, in the 97th annual percentile. In other words, short-term speculators have been more leery of FSLR only 3% of the time during the past year. However, the surge in skepticism wasn't just a one-day wonder; as Elizabeth Harrow recently noted, near-term put open interest on FSLR has escalated dramatically since April 30.
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|Date:||May 7, 2009|
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