RSOL, Options Ideas, Solar & Extended Watchlists

Options Trading – SPY Calls 

This morning we are seeing a report that US initial jobless claims have fallen more than expected, in addition to personal income and spending being up. This could lead continued success with the SPY Calls that we have mentioned over the past few days. Since Tuesday, we’ve been looking at Calls in the $156-158 range, and those are now deep in the money, having afforded us chances at multi-bag gains. We are going to look at moving our strike price to $159-160, and possibly even $161 should yesterday’s trend continue.

When we see a spike in the SPY, we generally see a subsequent pullback, followed by a bounce. So what we want to look for, is for the SPY to settle to a low of day. From there, opportunities for a quick flip may be present.

We will send out a quick update this afternoon to highlight how these SPY Calls are faring.

Real Goods Solar, Inc. RSOL

RSOL had a solid session following our flagging of the stock in yesterday morning’s extended watchlist. It ran 17% from 2.50-2.92 on the strength of a positive press release, and perhaps gaining a boost from Obama’s announcement on Wednesday about reducing CO2 emmisions, most specifically those produced by the coal-fired power industry.
LOUISVILLE, Jun 26, 2013 (GLOBE NEWSWIRE via COMTEX) — RGS Energy, the commercial and utility division of Real Goods Solar, Inc. (Nasdaq:RSOL), has been selected by St. Albans Solar Partners, LLC, to deploy a new 2.2 megawatt solar farm in Saint Albans, the largest PV system in Vermont.

RGS Energy will design, install, monitor and maintain the solar power system. Construction for the project is expected to begin next month and scheduled to be completed by November.

The fixed array ground mount solar system is expected to generate enough power to provide electricity for 400 homes. It also helps Vermont reach its goal of 20% renewable energy by 2017. Over the next 25 years, the solar energy produced is estimated to offset more than 123 million pounds of carbon dioxide emissions or the equivalent to planting more than 1.4 million trees.

It might be a good idea to add several several solar stocks to a watchlist, in the event that the same effect is felt sector-wide.

Other Solar Plays:


Extended Watchlist:
EWRL, PTRC,  LULU, SWHC, BDGN (Rumors of Upcoming Promo)