Deep-pocketed investors have adopted a bullish approach towards First Solar FSLR, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in FSLR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for First Solar. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 33% bearish. Among these notable options, 2 are puts, totaling $55,700, and 10 are calls, amounting to $555,110.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $170.0 to $250.0 for First Solar during the past quarter.
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 $170.0 to $250.0, over the past month.
First Solar 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FSLR | CALL | TRADE | BULLISH | 04/26/24 | $2.8 | $2.67 | $2.8 | $195.00 | $138.6K | 97 | 194 |
| FSLR | CALL | SWEEP | BULLISH | 05/17/24 | $9.0 | $8.65 | $9.0 | $190.00 | $99.9K | 338 | 111 |
| FSLR | CALL | SWEEP | BULLISH | 05/17/24 | $8.9 | $8.85 | $8.9 | $190.00 | $74.7K | 338 | 20 |
| FSLR | CALL | SWEEP | BULLISH | 04/26/24 | $15.55 | $15.25 | $15.55 | $170.00 | $46.6K | 863 | 32 |
| FSLR | CALL | SWEEP | NEUTRAL | 05/17/24 | $8.45 | $8.4 | $8.4 | $190.00 | $42.8K | 338 | 355 |
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.
Current Position of First Solar
- With a trading volume of 2,012,097, the price of FSLR is down by -0.43%, reaching $183.9.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 21 days from now.
What The Experts Say On First Solar
2 market experts have recently issued ratings for this stock, with a consensus target price of $226.0.
- Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on First Solar with a target price of $258.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for First Solar, targeting a price of $194.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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