A Closer Look at SolarEdge Technologies's Options Market Dynamics

Investors with a lot of money to spend have taken a bullish stance on SolarEdge Technologies SEDG.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SEDG, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 9 uncommon options trades for SolarEdge Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $130,111, and 6 are calls, for a total amount of $304,943.

Latest Startup Investment Opportunities:

Projected Price Targets

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 $150.0 for SolarEdge Technologies during the past quarter.

Insights into Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for SolarEdge Technologies's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of SolarEdge Technologies's whale activity within a strike price range from $50.0 to $150.0 in the last 30 days.

SolarEdge Technologies Option Activity Analysis: Last 30 Days

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.

Where Is SolarEdge Technologies Standing Right Now?

• With a trading volume of 962,944, the price of SEDG is up by 1.41%, reaching $71.35.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 55 days from now.

What The Experts Say On SolarEdge Technologies

In the last month, 5 experts released ratings on this stock with an average target price of $86.0.

• Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on SolarEdge Technologies with a target price of $97.
• Reflecting concerns, an analyst from RBC Capital lowers its rating to Sector Perform with a new price target of $85.
• Consistent in their evaluation, an analyst from RBC Capital keeps a Sector Perform rating on SolarEdge Technologies with a target price of $77.
• Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Perform rating for SolarEdge Technologies, targeting a price of $90.
• Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on SolarEdge Technologies with a target price of $81.

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 SolarEdge Technologies with Benzinga Pro for real-time alerts.