We have made an adjustment to one of our LT Solar Option trades in SOLF, as well as adding a Mid-Term (MT) Hedge and a ST upside Spec Trade.
We executed the following… (Equal lots of each)
ROLLED – JAN 2010 – 5 Calls >>> JAN 2011 – 2.5 Calls, for a $1.15 DEBIT
BOUGHT – SEP 2.5 Puts @ $.70
BOUGHT – MAR 5 Calls @ $.20
We believe that the Solar trade in general will thrive over the next year plus, and will carry many with it, including SOLF. We are also looking at opening new positions in several other solar trades and creating a basket of these stocks that will, in our opinion, benefit from the new administration’s commitment to alternative energy. We will post a list of those we are watching closely after the close.
