First Solar, Inc. (NASDAQ: FSLR) shares crashed following the company’s 2017 guidance call. Trading was actually halted briefly ahead of the call in Wednesday's after-hours session.
The company announced it was cutting its workforce by approximately 1,600 jobs, totaling 27 percent of the total global workforce.
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This is what Nic Chahine averages with his options 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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The company updated its guidance for 2016, with adjusted EPS expected to be in the $4.60-4.80 range, versus a $4.42 estimate. Operating cash guidance was in the $550-650 million range.
The company also announced that its Series 4 production will be phased out and its Series 5 production was canceled.
The stock traded recently at $28.70, down 12.5 percent. Shares are down over 50 percent year-to-date.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.