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:
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
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.
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