First Solar Options Trading: A Deep Dive into Market Sentiment

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

Looking at options history for First Solar FSLR we detected 22 trades.

If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $735,565 and 14, calls, for a total amount of $637,924.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $145.0 to $175.0 for First Solar over the recent three months.

Volume & Open Interest Development

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 $145.0 to $175.0, over the past month.

First Solar Option Volume And Open Interest Over 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.

Following our analysis of the options activities associated with First Solar, we pivot to a closer look at the company's own performance.

Where Is First Solar Standing Right Now?

• With a trading volume of 836,678, the price of FSLR is up by 1.38%, reaching $161.26.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 50 days from now.

What The Experts Say On First Solar

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $229.25.

• Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $195.
• Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on First Solar with a target price of $269.
• Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for First Solar, targeting a price of $258.
• An analyst from RBC Capital downgraded its action to Outperform with a price target of $195.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for First Solar with Benzinga Pro for real-time alerts.