Benzinga's options scanner has just identified more than 11 option transactions on First Solar (NASDAQ:FSLR), with a cumulative value of $486,769. Concurrently, our algorithms picked up 6 puts, worth a total of 391,666.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $210.0 and $270.0 for First Solar, spanning the last three months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in First Solar's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to First Solar's substantial trades, within a strike price spectrum from $210.0 to $270.0 over the preceding 30 days.

First Solar 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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 trading volume of 1,083,588, the price of FSLR is down by -1.62%, reaching $234.2.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 19 days from now.

Expert Opinions on First Solar

3 market experts have recently issued ratings for this stock, with a consensus target price of $281.0.

• Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on First Solar with a target price of $271.
• An analyst from Guggenheim persists with their Buy rating on First Solar, maintaining a target price of $312.
• An analyst from Jefferies downgraded its action to Hold with a price target of $260.

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.