Bear Builds a Short Call Spread on First Solar

Filed under: Options, Technical Analysis

Alternative energy issue First Solar, Inc. (FSLR) attracted the attention of a skeptical options trader today. Not long after the opening bell, a skeptically skewed short call spread crossed the tape on FSLR, with the speculator betting on lackluster price action during the short term.

Around 10:35 a.m., a block of 236 April 120 calls traded near the ask price, suggesting they were purchased. Simultaneously, a matching block of 236 April 115 calls changed hands near the bid price, indicating they were most likely sold. With FSLR trading around $110 at last check, both of these options are out of the money.

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Bear Builds a Short Call Spread on First Solar originally appeared on BloggingStocks on Tue, 23 Mar 2010 17:40:00 EST. Please see our terms for use of feeds.

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