First Solar Inc (FSLR) $20.12 -10.79%
First Solar (FSLR) is off $2.20 to $20.35 after the New York Times ran a story discussing the glut of supply in the solar panel markets. Cautious broker commentary seems to be weighing on FSLR as well. Share volume is running 11 million and more than double the expected for afternoon action. On the options front, 41,000 calls and 78,000 puts traded on FSLR. 9 of the 10 most actives are puts, led by Oct 20s. However, the expiring 20, 20.5, 21 and 21.5 puts are busy as well and implied volatility in First Solar options is up 12 percent to 86.
Category: All Stocks, Small Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
