First Solar (NASDAQ: FSLR) is expected to report EPS before the open on February 13. FSLR is recently down $5.86 to $183.80. FSLR is a manufacturer of solar modules with an advanced thin semiconductor process that significantly lowers solar electricity costs.
FSLR February 185 straddle is priced at $28.40. FSLR call option volume of 11,755 contracts compares to put volume of 7,651 contracts. FSLR March option implied volatility of 104 is above its 26-week average of 74 according to Track Data, suggesting larger price risks.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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