Riding Out a Solar Play

I am going to ride out my First Solar (FSLR) position into the close. Although it maxes out a profit at $57.50 from the $3.41 entry, it looks like it will close above $58.50, which will result in a much smaller profit. Based on my position, I'll be looking at a closing value of $4.50 rather than the maximum potential of $6.50. I may get lucky and see a late-day selloff.

A trader could spend $0.03 to buy the weekly $55 put and lock in a value of no less than $4.00 for today, which would still not be a bad trade overall. I thought this one could be a big mover and it was -- although, if I had to pick a single direction, I would have picked the wrong one....218 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.