SolarEdge Technologies Options Trading: A Deep Dive into Market Sentiment

Whales with a lot of money to spend have taken a noticeably bearish stance on SolarEdge Technologies.

Looking at options history for SolarEdge Technologies SEDG we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $223,240 and 6, calls, for a total amount of $303,885.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $100.0 for SolarEdge Technologies during the past quarter.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of SolarEdge Technologies stands at 207.86, with a total volume reaching 1,887.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in SolarEdge Technologies, situated within the strike price corridor from $50.0 to $100.0, throughout the last 30 days.

SolarEdge Technologies Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

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. Additionally, the company has nonsolar products targeting energy storage and e-mobility.

After a thorough review of the options trading surrounding SolarEdge Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

SolarEdge Technologies's Current Market Status

• With a trading volume of 1,012,749, the price of SEDG is up by 0.04%, reaching $69.19.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 20 days from now.

Expert Opinions on SolarEdge Technologies

In the last month, 4 experts released ratings on this stock with an average target price of $80.0.

• Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for SolarEdge Technologies, targeting a price of $119.
• Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for SolarEdge Technologies, targeting a price of $80.
• An analyst from Goldman Sachs has decided to maintain their Sell rating on SolarEdge Technologies, which currently sits at a price target of $71.
• Reflecting concerns, an analyst from Barclays lowers its rating to Underweight with a new price target of $50.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest SolarEdge Technologies options trades with real-time alerts from Benzinga Pro.