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First Solar (FSLR) Options ‘Cheap’
Adam from The Daily Options Report writes: "FSLR feels particularly enticing. Options are very cheap by FSLR standards. Which makes some degree of sense when you consider that the stock has settled into a range. But some interesting things here. It’s basically moving with the whole energy/ag/mining space right now. And has dribbled right back the to 200 Day MA. Not terribly likely it just settles in peacefully around here this week without some degree of action."
I agree with Adam. If you have an opinion about FSLR it is a good time to use options to make a directional trade. Also notable is that the options market is currently suggesting FSLR will be pegged at 265 by expiration, about 6% above yesterdays close. I would not suggest buying FSLR because the options market suggests it will be pegged higher but I mention it because of the magnet effect expiration week could possibly have.
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