Traders Playground

Buying Swing: buying FSLR at 119.25 area OVERSIZED and trying to enter an oversized options position on the FSLR 130 july calls OVERSIZED, she is very light and with big spreads on options. As mentioned in the room earlier am positioning a full OVERSIZED stock position in FSLR and according to my sizing strategy that equates to 5 times the money allocation of a options position. The news that BP cap was removed after a robot hit it may couse a rally in solars, plus further light the fires behind cap and trade legislation. The multiday direction on my formulas is still negative but a significant intraday buy signal did clear just before the PB news came out. I think the multiday pull back on FSLR may be over and the larger new uptrend can now continue.