FSLR announces earnings tomorrow after market close, so look to put on a play in the final hours of the NY session.
Here's two setups, one of which is an undefined risk trade; the other, defined:
FSLR March 4th 55.5/73.5
Probability of Profit: 74%
Max Profit: $144 per contract
Buying Power Effect: Undefined
FSLR March 4th 53/56/72/75 Iron Condor
Probability of Profit: 66%
Max Profit: $79 per contract
Buying Power Effect: $221/contract
Notes: I had to goof around with the iron condor setup, since the strikes "thin out" at 75 and increase to 5 dollar increments, making it difficult to set your short strikes at the 85% probability OTM strike with your long options 3-4 strikes out from that, so the max profit isn't what I'd ordinarily like to see.
Here's two setups, one of which is an undefined risk trade; the other, defined:
FSLR March 4th 55.5/73.5
Probability of Profit: 74%
Max Profit: $144 per contract
Buying Power Effect: Undefined
FSLR March 4th 53/56/72/75 Iron Condor
Probability of Profit: 66%
Max Profit: $79 per contract
Buying Power Effect: $221/contract
Notes: I had to goof around with the iron condor setup, since the strikes "thin out" at 75 and increase to 5 dollar increments, making it difficult to set your short strikes at the 85% probability OTM strike with your long options 3-4 strikes out from that, so the max profit isn't what I'd ordinarily like to see.