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 14 trades.

If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $191,445 and 9, calls, for a total amount of $503,615.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $175.0 for First Solar during the past quarter.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of First Solar stands at 3095.21, with a total volume reaching 701.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in First Solar, situated within the strike price corridor from $100.0 to $175.0, throughout the last 30 days.

First Solar Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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.

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

First Solar's Current Market Status

• With a trading volume of 1,725,608, the price of FSLR is up by 1.59%, reaching $163.92.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 45 days from now.

Professional Analyst Ratings for First Solar

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

• An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $195.
• An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $195.
• An analyst from Susquehanna persists with their Positive rating on First Solar, maintaining a target price of $258.
• An analyst from Oppenheimer has decided to maintain their Outperform rating on First Solar, which currently sits at a price target of $269.

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.