Financial giants have made a conspicuous bearish move on First Solar. Our analysis of options history for First Solar FSLR revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $136,435, and 6 were calls, valued at $424,970.
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 $85.0 to $240.0 for First Solar over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for First Solar options trades today is 513.3 with a total volume of 241.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for First Solar's big money trades within a strike price range of $85.0 to $240.0 over the last 30 days.
First Solar 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FSLR | CALL | SWEEP | BEARISH | 09/20/24 | $8.0 | $7.7 | $7.7 | $230.00 | $203.2K | 541 | 3 |
| FSLR | CALL | TRADE | BEARISH | 06/20/25 | $41.25 | $40.5 | $40.5 | $190.00 | $81.0K | 33 | 0 |
| FSLR | CALL | TRADE | BEARISH | 06/20/25 | $115.45 | $111.5 | $113.08 | $85.00 | $56.5K | 45 | 0 |
| FSLR | PUT | TRADE | BEARISH | 01/17/25 | $29.35 | $28.95 | $29.35 | $200.00 | $41.0K | 2.2K | 14 |
| FSLR | PUT | SWEEP | BEARISH | 05/10/24 | $4.5 | $4.15 | $4.5 | $192.50 | $34.6K | 511 | 88 |
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.
Where Is First Solar Standing Right Now?
- With a volume of 809,870, the price of FSLR is up 1.33% at $193.25.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 77 days.
What The Experts Say On First Solar
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $231.6.
- An analyst from Wells Fargo has elevated its stance to Overweight, setting a new price target at $250.
- An analyst from Janney Montgomery Scott downgraded its action to Buy with a price target of $236.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on First Solar with a target price of $248.
- An analyst from B of A Securities has decided to maintain their Buy rating on First Solar, which currently sits at a price target of $194.
- An analyst from Roth MKM downgraded its action to Buy with a price target of $230.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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