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Schaeffer's Option Blog: First Solar, Inc. (FSLR) Fascinates Front-Month Put Traders.

CINCINNATI -- First Solar, Inc. (NASDAQ: FSLR) was a favorite among put traders on Wednesday, with single-session put volume more than doubling the norm. According to data from, the alternative-energy issue saw more than 17,500 puts cross the tape, compared to its average daily volume of fewer than 8,700 contracts.

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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Publication:Business Wire
Date:May 7, 2009
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