Printer Friendly

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.

To continue reading this article, click here:
COPYRIGHT 2009 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:May 7, 2009
Previous Article:Research and Markets: Managing Japan's Private Wealth.
Next Article:SBA's Deadline for Physical Damage Disaster Loan Applications Is June 1.

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters