FSLR options see big bets from savvy investors.

By Oliver Townsend Jun 28, 2024
Smart Money Is Betting Big In FSLR Options.jpegOrginal image from: https://www.benzinga.com/insights/options/24/06/39553339/smart-money-is-betting-big-in-fslr-options

Smart Money Is Betting Big In FSLR Options – First Solar (NASDAQ:FSLR) – The financial market has seen a significant bullish move from financial giants towards First Solar. An analysis of options history for First Solar, FSLR, uncovered 43 unusual trades. Of these trades, 41% were bullish, while 39% showed bearish tendencies. The 17 puts had a value of $895,593, while the 26 calls were valued at $2,262,393.

Price Target Analysis

Based on recent trading activity, it seems that major investors are targeting a price range for First Solar between $75.0 and $360.0 over the past three months. This indicates a strong bullish sentiment towards the company.

Volume & Open Interest Overview

In terms of liquidity and interest, the mean open interest for First Solar options trades today stands at 1060.52 with a total volume of 4,337.00. By examining the volume and open interest of call and put options for First Solar within a strike price range of $75.0 to $360.0 over the last 30 days, we can track the development of big money trades.

Biggest Options Traded

Highlighted options trades for First Solar include bullish call trades expiring on 01/16/26 with a strike price of $360.00 valued at $782.6K, as well as a bearish call trade expiring on 01/16/26 with a strike price of $75.00 valued at $205.6K. These trades indicate varying sentiments towards the stock.

About First Solar

First Solar is a leading designer and manufacturer of solar photovoltaic panels, modules, and systems for utility-scale development projects. The company’s thin-film technology utilizing cadmium telluride is a key feature of its solar modules. With production facilities in various countries, First Solar is a major player in the solar energy industry.

Current Market Position

With a trading volume of 2,552,835, First Solar’s stock price is currently down -7.41% at $231.41. RSI indicators suggest a potential oversold condition, and the next earnings report is expected in 27 days.

Analyst Ratings Overview

In the last month, 5 analysts have provided ratings for First Solar, with an average target price of $306.8. Analysts from Deutsche Bank, Baird, and BMO Capital maintain bullish outlooks, while Mizuho has lowered its rating to Neutral with a target price of $274. These ratings offer insights into market sentiment towards First Solar.

Trading Options Strategy

While trading options carries higher risks, it also presents opportunities for greater profits. Traders can manage risks through continuous education, strategic adjustments, and staying informed about market trends. By monitoring the latest options trades for First Solar through platforms like Benzinga Pro, traders can receive real-time alerts and make informed decisions.

Conclusion

The significant bullish activity in FSLR options by major financial players indicates a positive sentiment towards First Solar. By analyzing options data, investors can gain insights into market trends and make informed decisions. Understanding the dynamics of options trading and incorporating risk management strategies can help traders navigate the market effectively.

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *