Selling SPWR puts for income.
SPR is on the rise now that the company is looking to sell its commercial business and focus on residential solar panel installations. This business should continue to pick up thanks to the strong housing market and increased demand for reliable (and affordable) electricity. Many new homes are being built with solar energy panels installed and solar is a popular upgrade for homeowners.
- Sell (to open) 2 SPWR November 19th $25 puts
- Limit: $1.25 or more
- The new position will represent roughly 5.0% of our model.
~~~~ - 14:41 Executed
- Sold 2 SPWR Nov 19th $25 puts @ $1.28