MEMC Electronic Materials (WFR) is turning out to be a good company to trade. So far I have been able to successfully close 4 trades in WFR. Hoping for a reapeat.
The company is a bit over-valued in my opinion given the recent run up. However, the macro conditions are in its favor given the emphasis on solar energy. In any event it is a good company to own in long run.
Selling three (3) put option contracts with jan 2007 expiration date.