FSLR $200 call option on First Solar

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Hedging a $200 call option on First Solar (FSLR) can be approached in several ways, depending on your risk tolerance and market outlook. Here are a few strategies you might consider:

Protective Put: Buy a put option at a lower strike price. This limits your downside risk if FSLR’s price drops significantly.
Covered Call: If you own FSLR shares, you can sell another call option at a higher strike price. This generates premium income but caps your upside potential.
Collar Strategy: Combine a protective put with a covered call. This limits both your downside and upside, providing a balanced risk profile.
Spread Strategies: Use vertical spreads like bull call spreads or bear put spreads to limit risk while maintaining some profit potential.
For example, if you hold a $200 call, you might buy a $190 put to protect against a drop below $19012.

Would you like more details on any of these strategies?

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