Market Whales and Their Recent Bets on FSLR Options

Whales with a lot of money to spend have taken a noticeably bullish stance on First Solar.

Looking at options history for First Solar FSLR we detected 10 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $220,030 and 6, calls, for a total amount of $466,786.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $140.0 to $220.0 for First Solar over the last 3 months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for First Solar's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across First Solar's significant trades, within a strike price range of $140.0 to $220.0, over the past month.

First Solar Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About First Solar

First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.

In light of the recent options history for First Solar, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of First Solar

• Currently trading with a volume of 1,307,502, the FSLR's price is up by 0.8%, now at $159.5.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 12 days.

Professional Analyst Ratings for First Solar

In the last month, 1 experts released ratings on this stock with an average target price of $195.0.

• An analyst from RBC Capital downgraded its action to Outperform with a price target of $195.

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 First Solar, Benzinga Pro gives you real-time options trades alerts.