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Option Positions (CALLS) Initiated In Sprint, SunPower And MEMC Electronics

|Includes: First Solar, Inc. (FSLR), S, SPWR, SUNEQ

As per the game plan enunciated in previous posts, I have initiated option (CALLS) positions in 3 companies: Sprint Nextel (NYSE:S), MEMC Electronic Materials (WFR) and SunPower (NASDAQ:SPWR):

Keeping the ongoing fiscal cliff negotiations in mind, I will use 50% of the allocated funds to start this "investment":

Sprint Nextel : $750 to purchase May 18, 2013, $6.00 Strike Price at the Ask: $0.12

SunPower : $2000 to purchase March 16, 2013, $6.00 Strike Price at the Ask: $0.40

MEMC Electronic Materials (WFR): $1250 to purchase April 20, 2013, $3.50 Strike Price at the Ask: $0.35

Being that the markets are closed tomorrow on account of New Year, I will submit complete details of the trades and the current account status on Wednesday night, January 2nd, 2013.


DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you.

Disclosure: I am long , , WFR.

Disclosure: I am/we are long FSLR, S, SPWR, WFR.