By Dan Darrow

October 03, 2022

Intraday Update: FSLR

A big green to red reversal on FSLR on Thursday put it below key 8day ema and 20day sma support to set up the Oct28 $125 - $115 put spread bear strategy, but back-to-back rallies has repaired the chart quickly. FSLR is not at the 138.25 technical stop yet, but the stock is nearing it in late action, and an overnight gap higher seems possible considering the strong close. The trade will be closed this afternoon, and we can watch for a move back to ~130 to reset the bear pattern.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication