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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