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



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) was a favorite among put traders on Wednesday, with single-session put volume more than doubling the norm. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 data from WhatsTrading.com, 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 Bearish

Words used to describe investor attitude. A bearish investor believes that a particular asset or the market as a whole will decline in value.


bearish 
 bets fueled the equity's Schaeffer's put/call open interest ratio (SOIR SOIR Schaeffer's Put/Call Open Interest Ratio
SOIR Simultaneous Operations on Intersecting Runways
) higher overnight, from 1.41 to 1.46, in the 97th annual percentile. In other words Adv. 1. in other words - otherwise stated; "in other words, we are broke"
put differently
, 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
Words:158
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