Deep-pocketed investors have adopted a bearish approach towards SolarEdge Technologies SEDG, 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 SEDG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 18 extraordinary options activities for SolarEdge Technologies. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 22% leaning bullish and 77% bearish. Among these notable options, 13 are puts, totaling $551,535, and 5 are calls, amounting to $180,194.
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 $50.0 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 820.38, with a total volume reaching 3,842.00. 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 $500.0, throughout the last 30 days.
SolarEdge Technologies Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SEDG | PUT | TRADE | NEUTRAL | 01/17/25 | $438.0 | $432.0 | $435.0 | $500.00 | $130.5K | 0 | 3 |
| SEDG | PUT | SWEEP | BEARISH | 05/17/24 | $8.7 | $8.65 | $8.7 | $65.00 | $52.2K | 4.3K | 640 |
| SEDG | PUT | TRADE | BEARISH | 05/17/24 | $8.4 | $8.25 | $8.4 | $65.00 | $52.0K | 4.3K | 368 |
| SEDG | CALL | TRADE | NEUTRAL | 12/20/24 | $5.85 | $5.55 | $5.7 | $110.00 | $51.3K | 141 | 90 |
| SEDG | PUT | TRADE | NEUTRAL | 05/17/24 | $8.45 | $8.25 | $8.35 | $65.00 | $43.4K | 4.3K | 364 |
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.
Where Is SolarEdge Technologies Standing Right Now?
- With a trading volume of 1,029,294, the price of SEDG is down by 0.0%, reaching $65.35.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 16 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest SolarEdge Technologies options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
