Here is the trade:
Long 100 shares FSLR @ 52.11
Short FEB 57.5 Call @ 1.58
Long FEB 47.5 Put @ 1.53
Net debit 52.06, so it is a cashless collar.
I will update this trade as I make adjustments, which will likely be a couple of times a month.
Thursday, January 9, 2014
New Collar in FSLR
After sitting the market out most of last year I have decided to dip my toes in again. I have been searching for a methodology with a lot of downside protection and settled on the Collar/Married Put. This of course means I am buying stock which I haven't intentionally done in years. Today's trade is a collar in FSLR. FSLR is a volatile stock, so you could argue I am still trading volatility...
Here is the trade:
Long 100 shares FSLR @ 52.11
Short FEB 57.5 Call @ 1.58
Long FEB 47.5 Put @ 1.53
Net debit 52.06, so it is a cashless collar.
I will update this trade as I make adjustments, which will likely be a couple of times a month.
Here is the trade:
Long 100 shares FSLR @ 52.11
Short FEB 57.5 Call @ 1.58
Long FEB 47.5 Put @ 1.53
Net debit 52.06, so it is a cashless collar.
I will update this trade as I make adjustments, which will likely be a couple of times a month.
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