Investors with significant funds have taken a bearish position in SolarEdge Technologies SEDG, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in SEDG usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 21 options transactions for SolarEdge Technologies. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 23% being bullish and 76% bearish. Of all the options we discovered, 20 are puts, valued at $1,029,912, and there was a single call, worth $27,387.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $61.0 and $500.0 for SolarEdge Technologies, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of SolarEdge Technologies stands at 451.2, with a total volume reaching 14,131.00. 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 $61.0 to $500.0, throughout the last 30 days.
SolarEdge Technologies Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SEDG | PUT | SWEEP | NEUTRAL | 04/26/24 | $1.99 | $1.99 | $2.0 | $61.00 | $94.3K | 15 | 1 |
| SEDG | PUT | TRADE | BEARISH | 01/17/25 | $432.0 | $427.6 | $432.0 | $500.00 | $86.4K | 0 | 0 |
| SEDG | PUT | TRADE | BEARISH | 05/17/24 | $6.9 | $6.85 | $6.9 | $65.00 | $73.8K | 667 | 969 |
| SEDG | PUT | TRADE | BULLISH | 05/17/24 | $6.8 | $6.75 | $6.75 | $65.00 | $72.9K | 667 | 252 |
| SEDG | PUT | TRADE | BEARISH | 05/17/24 | $6.85 | $6.65 | $6.8 | $65.00 | $68.6K | 667 | 486 |
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.
Following our analysis of the options activities associated with SolarEdge Technologies, we pivot to a closer look at the company's own performance.
Present Market Standing of SolarEdge Technologies
- Trading volume stands at 879,934, with SEDG's price down by -5.07%, positioned at $66.7.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 19 days.
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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