Options Update: First Solar (FSLR) and JA Solar (JASO)
First Solar (FSLR)
FSLR Volatility Low As Shares Near Record High
FSLR closed at $307.94.
Smith Barney says: "We rate FSLR Buy, Speculative Risk (1S) with a $450 target."
FSLR June option implied volatility of 57 is below its 26-week average of 75, suggesting decreasing price risks.
JA Solar (JASO)
JASO Volatility Low At 76 On $350M Note Offering
JASO, a Chinese-based solar cell manufacturer, is recently up $.81 to $24.98 in pre-open trading.
JASO priced a public offering of $350 million of five-year senior convertible notes and a concurrent offering of up to 13.1 million of borrowed American Deposit shares at $23.
JASO over all option implied volatility of 76 is below its 26-week average of 88, suggesting decreasing price risk.
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About Paul Foster
Paul Foster is a former member of the Chicago Board Options Exchange with 21-years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options and mergers & acquisitions. His writing about the options market has appeared in a wide variety of publications.
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