A whale with a lot of money to spend has taken a noticeably bearish stance on SolarEdge Technologies.
Looking at options history for SolarEdge Technologies SEDG we detected 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $731,830 and 4, calls, for a total amount of $206,200.
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 $280.0 to $360.0 for SolarEdge Technologies over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for SolarEdge Technologies options trades today is 393.33 with a total volume of 993.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for SolarEdge Technologies's big money trades within a strike price range of $280.0 to $360.0 over the last 30 days.
SolarEdge Technologies 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 |
|---|---|---|---|---|---|---|---|---|
| SEDG | PUT | SWEEP | BEARISH | 03/17/23 | $300.00 | $176.0K | 213 | 213 |
| SEDG | PUT | SWEEP | BEARISH | 03/17/23 | $300.00 | $130.0K | 213 | 72 |
| SEDG | PUT | SWEEP | BEARISH | 03/17/23 | $300.00 | $115.7K | 213 | 300 |
| SEDG | PUT | SWEEP | BEARISH | 03/17/23 | $300.00 | $87.1K | 213 | 164 |
| SEDG | CALL | TRADE | BULLISH | 02/17/23 | $310.00 | $75.7K | 659 | 27 |
Where Is SolarEdge Technologies Standing Right Now?
- With a volume of 566,464, the price of SEDG is down -0.57% at $317.32.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 12 days.
What The Experts Say On SolarEdge Technologies:
- Barclays has decided to maintain their Overweight rating on SolarEdge Technologies, which currently sits at a price target of $392.
- Wells Fargo has decided to maintain their Overweight rating on SolarEdge Technologies, which currently sits at a price target of $367.
- Deutsche Bank has decided to maintain their Hold rating on SolarEdge Technologies, which currently sits at a price target of $345.
- Morgan Stanley has decided to maintain their Equal-Weight rating on SolarEdge Technologies, which currently sits at a price target of $374.
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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