SolarEdge Technologies Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bullish stance on SolarEdge Technologies.

Looking at options history for SolarEdge Technologies SEDG we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $171,060 and 7, calls, for a total amount of $319,971.

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 $380.0 for SolarEdge Technologies over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for SolarEdge Technologies's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of SolarEdge Technologies's whale activity within a strike price range from $280.0 to $380.0 in 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 CALL SWEEP BULLISH 04/21/23 $320.00 $95.5K 75 53
SEDG PUT SWEEP BEARISH 06/16/23 $300.00 $87.6K 326 32
SEDG CALL TRADE NEUTRAL 01/17/25 $320.00 $61.4K 14 10
SEDG CALL SWEEP BULLISH 03/17/23 $340.00 $51.3K 1.0K 309
SEDG PUT TRADE BULLISH 04/21/23 $280.00 $44.5K 269 22

Where Is SolarEdge Technologies Standing Right Now?

  • With a volume of 1,128,368, the price of SEDG is up 3.91% at $316.21.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 49 days.

What The Experts Say On SolarEdge Technologies:

  • Scotiabank downgraded its action to Sector Perform with a price target of $345
  • BMO Capital has decided to maintain their Outperform rating on SolarEdge Technologies, which currently sits at a price target of $387.
  • Wells Fargo has decided to maintain their Overweight rating on SolarEdge Technologies, which currently sits at a price target of $374.
  • JP Morgan has decided to maintain their Overweight rating on SolarEdge Technologies, which currently sits at a price target of $361.
  • Oppenheimer has decided to maintain their Outperform rating on SolarEdge Technologies, which currently sits at a price target of $383.

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.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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