Sell Alert: Take A 58% Profit on JinkoSolar Put Spread

JKS is struggling with high metals and energy costs like every other business. Even though analysts have not yet cut earnings estimates in the past several weeks to reflect mounting Asian supply chain risks, we do believe shares could fall further after Q3 earnings tomorrow morning. Nonetheless, the pricing we have currently is excellent for a two-week put spread trade, so let’s take the profit now.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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