Wednesday, April 16, 2008

HARD SUN part 2 ~ SunPower Corporation (Public, NASDAQ:SPWR)

SunPower ran up to $100 today, as expected...we bought more PutsOnThePop  ... then watched as SPWR fell back 5 points.  Had we made the "right" play?...hmmm...nope, not yet, burnt again,  SPWR jumped back to 99+ 

 ... with Earnings in the AM before the open.  Not much we can do now.  go team?

p.s.  SunPower (SPWR) options are pricing in a $4 move tomorrow.... wish us luck. 

2 comments:

praveen said...

Hi there,
Could you please let me know how to know the expected price jump/down through options.

As you said SPWR has potential of moving $4.

Thanks
Praveen

PUTS ON THE POP said...

check out the APRIL options... they expire in two days basically.

if you look at the $100 strike price, which is pretty much the current price of SPWR today. they are priced at about $4.00 on the call side and about $4 on the put side.

so the options are "pricing in" about a $4 move in either direction.

hope that helps.