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Possible Strangle on FSLR

NASDAQ:FSLR   First Solar, Inc.
Derek O was requesting this analysis.
These option strikes are located (in my opinion) at prices where IF FSLR gaps there, it should continue.
Buying August gives you time. Total debit is $2.00.
A bearish gap down likely would have the most edge and trap a lot of bears.

Since the last 2-3 days are bullish and FSLR gaps up, those who bought below $51.70 would probably sell at open

Therefore, I likely would sell the calls IF it gapped up and hold onto the puts.
If it gapped down, I would hold onto the puts.

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