Financial giants have made a conspicuous bearish move on SolarEdge Technologies. Our analysis of options history for SolarEdge Technologies SEDG revealed 11 unusual trades.
Delving into the details, we found 36% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $240,810, and 7 were calls, valued at $398,048.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $100.0 for SolarEdge Technologies over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for SolarEdge Technologies options trades today is 931.73 with a total volume of 841.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for SolarEdge Technologies's big money trades within a strike price range of $55.0 to $100.0 over the last 30 days.
SolarEdge Technologies 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SEDG | CALL | TRADE | BULLISH | 05/17/24 | $11.45 | $10.95 | $11.45 | $55.00 | $127.0K | 809 | 113 |
| SEDG | CALL | SWEEP | BEARISH | 05/17/24 | $1.73 | $1.66 | $1.66 | $80.00 | $99.6K | 699 | 0 |
| SEDG | PUT | TRADE | BEARISH | 06/21/24 | $21.6 | $21.25 | $21.6 | $80.00 | $86.4K | 698 | 1 |
| SEDG | PUT | TRADE | BEARISH | 05/17/24 | $7.2 | $7.05 | $7.2 | $65.00 | $61.9K | 4.8K | 49 |
| SEDG | CALL | TRADE | BULLISH | 05/10/24 | $5.5 | $5.45 | $5.5 | $60.00 | $52.2K | 221 | 132 |
About SolarEdge Technologies
SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.
Following our analysis of the options activities associated with SolarEdge Technologies, we pivot to a closer look at the company's own performance.
SolarEdge Technologies's Current Market Status
- Trading volume stands at 1,848,918, with SEDG's price up by 1.17%, positioned at $60.36.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 5 days.
Professional Analyst Ratings for SolarEdge Technologies
5 market experts have recently issued ratings for this stock, with a consensus target price of $88.6.
- An analyst from B. Riley Securities has decided to maintain their Buy rating on SolarEdge Technologies, which currently sits at a price target of $124.
- In a cautious move, an analyst from DZ Bank downgraded its rating to Hold, setting a price target of $62.
- An analyst from Mizuho has decided to maintain their Buy rating on SolarEdge Technologies, which currently sits at a price target of $104.
- An analyst from Barclays persists with their Underweight rating on SolarEdge Technologies, maintaining a target price of $61.
- An analyst from Susquehanna persists with their Positive rating on SolarEdge Technologies, maintaining a target price of $92.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for SolarEdge Technologies, Benzinga Pro gives you real-time options trades alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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