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Critique the following:

A straddle is an option strategy with a put and call at the same strike price. The long straddle is one of the simplest and most popular investment strategies and works best if you think there will be big move in the underlying stock or index price and when the direction is not clear (Shobhit). I would use this strategy on First Solar, who’s stock price has reached a high of $73 in March 2016 and a low of $41 in September 2015 and has exhibited significant volatility throughout the year. Currently the stock price is at $48.33 and has an intrinsic value of $48.97 (Gurufocus). The solar industry is one with a lot of uncertainty, which has also been affected by the oil market, and therefore I think best benefitted by this investment strategy. You can actually see some of these options in play at https://www.optionslam.com/earnings/straddle/FSLR