First Solar Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on First Solar FSLR.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with FSLR, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 16 uncommon options trades for First Solar.

This isn't normal.

The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $224,717, and 11 are calls, for a total amount of $762,673.

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 $67.5 to $195.0 for First Solar over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for First Solar options trades today is 838.0 with a total volume of 1,256.00.

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 $67.5 to $195.0 over the last 30 days.

First Solar Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
FSLR CALL TRADE BEARISH 12/16/22 $160.00 $307.5K 262 526
FSLR CALL SWEEP BEARISH 01/20/23 $125.00 $106.0K 3.7K 75
FSLR CALL SWEEP BEARISH 01/20/23 $170.00 $85.8K 387 178
FSLR PUT TRADE BEARISH 01/20/23 $195.00 $80.4K 0 13
FSLR PUT SWEEP BEARISH 12/16/22 $135.00 $40.4K 98 65

Where Is First Solar Standing Right Now?

  • With a volume of 2,003,282, the price of FSLR is down -2.03% at $133.99.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 50 days.

What The Experts Say On First Solar:

  • Baird has decided to maintain their Outperform rating on First Solar, which currently sits at a price target of $164.
  • Morgan Stanley upgraded its action to Equal-Weight with a price target of $136
  • B of A Securities has decided to maintain their Buy rating on First Solar, which currently sits at a price target of $152.
  • B of A Securities upgraded its action to Buy with a price target of $141
  • Susquehanna has decided to maintain their Positive rating on First Solar, which currently sits at a price target of $175.

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 First Solar, Benzinga Pro gives you real-time options trades alerts.

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Posted In: OptionsMarketsBZI-UOA
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