Financial giants have made a conspicuous bullish move on First Solar. Our analysis of options history for First Solar FSLR revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $119,070, and 5 were calls, valued at $206,252.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $155.0 and $165.0 for First Solar, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for First Solar options trades today is 1364.0 with a total volume of 691.00.
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 $155.0 to $165.0 over the last 30 days.
First Solar 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FSLR | CALL | TRADE | BEARISH | 02/16/24 | $160.00 | $71.4K | 458 | 63 |
| FSLR | CALL | SWEEP | BULLISH | 03/15/24 | $155.00 | $37.0K | 389 | 24 |
| FSLR | CALL | TRADE | BEARISH | 03/15/24 | $155.00 | $36.3K | 389 | 24 |
| FSLR | PUT | TRADE | BULLISH | 02/16/24 | $160.00 | $32.9K | 264 | 2 |
| FSLR | CALL | TRADE | BEARISH | 01/19/24 | $165.00 | $32.4K | 776 | 54 |
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.
Present Market Standing of First Solar
- Currently trading with a volume of 535,836, the FSLR's price is up by 0.59%, now at $158.71.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 88 days.
Expert Opinions on First Solar
2 market experts have recently issued ratings for this stock, with a consensus target price of $219.0.
- Maintaining their stance, an analyst from UBS continues to hold a Buy rating for First Solar, targeting a price of $250.
- An analyst from Mizuho downgraded its action to Buy with a price target of $188.
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. Stay informed about the latest First Solar options trades with real-time alerts from Benzinga Pro.
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