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Thursday, October 28, 2010

New Strangle Play - PWER

Solar stocks have a bright horizon if the US continues to invest in alternate technology.  One of the stocks reporting earnings today after close is Power-One (PWER).  A strangle play on it is Dec 12 calls (trading around 1.00 on the ask) and Dec 10 puts (Trading for around 0.85).  I already own FSLR but sold covered calls on it earlier, so my potential gains on that stock are limited.  I am opening new strangle positions in PWER.
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