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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with SEDG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for SolarEdge Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 62% bullish and 37%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $561,486, and there was 1 call, for a total amount of $40,500.
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 $50.0 to $130.0 for SolarEdge Technologies over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of SolarEdge Technologies stands at 506.57, with a total volume reaching 805.00. 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 $130.0, throughout the last 30 days.
SolarEdge Technologies Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SEDG | PUT | SWEEP | BEARISH | 05/17/24 | $75.00 | $193.3K | 1.9K | 125 |
| SEDG | PUT | SWEEP | BULLISH | 09/19/25 | $50.00 | $157.8K | 68 | 2 |
| SEDG | PUT | TRADE | BULLISH | 09/19/25 | $130.00 | $92.6K | 192 | 13 |
| SEDG | CALL | SWEEP | BULLISH | 04/19/24 | $75.00 | $40.5K | 764 | 300 |
| SEDG | PUT | TRADE | BULLISH | 12/20/24 | $65.00 | $32.4K | 135 | 20 |
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.
In light of the recent options history for SolarEdge Technologies, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of SolarEdge Technologies
- With a trading volume of 514,027, the price of SEDG is down by -0.48%, reaching $61.95.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 42 days from now.
What Analysts Are Saying About SolarEdge Technologies
In the last month, 5 experts released ratings on this stock with an average target price of $82.0.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for SolarEdge Technologies, targeting a price of $73.
- An analyst from Scotiabank has decided to maintain their Sector Perform rating on SolarEdge Technologies, which currently sits at a price target of $90.
- An analyst from Canaccord Genuity downgraded its action to Hold with a price target of $75.
- An analyst from Truist Securities has decided to maintain their Hold rating on SolarEdge Technologies, which currently sits at a price target of $75.
- An analyst from Susquehanna persists with their Positive rating on SolarEdge Technologies, maintaining a target price of $97.
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 SolarEdge Technologies, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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