First Solar Plunging On CEO Departure

by Benzinga Staff
October 25, 2011 1:57 PM | 1 min read | Make a Comment

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

First Solar (NASDAQ: FSLR) announced on Tuesday that its CEO, Rob Gillette, is no longer with the company. First Solar has asked its chairman and founder Mike Ahearn to serve as interim CEO while it searches for a replacement. The shares are getting decimated on this news, and were trading down nearly 18% at $47.74 at last check. FSLR shares have been under significant pressure in recent months and are down more than 60% in 2011. First Solar, Inc. (First Solar) manufactures and sells solar modules with an advanced thin-film semiconductor technology. First Solar designs, constructs, and sells photovoltaic (PV) solar power systems.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

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