Tuesday, October 25, 2011

Crazy ?

Perhaps a little: just sold a strike 40 put in First Solar that has 3 1/2 weeks left for $4.70. With the stock now at 43, it obliges me to buy it at a net price (after option premium received) of $35.30.
In other words, I'm willing to bet that the company will survive and that there'll be no revelation of fraud.

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