First Solar. Part Two And Visa And Walmart.
Back on Thursday I said don't hang onto First Solar Calls going into the Friday trading session after it dropped mid week about $30.00 in one day. Why be stuck in a one day option position just after it had a major drop? Revisit that blog if you like. Now let's move forward to Monday afternoon on January 12th. Here is how First Solar is now doing. It has had a bounce. This time we are looking at it's "this-weeks", Call options. Notice the open interest number? Those were mostly all positions opened up last week by forward thinking option players. Now this. Visa. Last week Trumph suggested at the end of the week that he wants to cap interest rates on credit cards at 10% for one year. Today is Monday afternoon. Look at Visa's one week chart. Visa dropped $10.00 on the (Monday) opening in reaction to this news. Now look at the action in the 340 series of Calls. Lets better look at this activity from a different perspective. Traders who bought Call options on ...
