Big Players' Recent Trades in SEDG Options

Deep-pocketed investors have adopted a bearish approach towards SolarEdge Technologies SEDG, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SEDG usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for SolarEdge Technologies. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 20% leaning bullish and 80% bearish. Among these notable options, 8 are puts, totaling $424,470, and 2 are calls, amounting to $76,840.

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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 $80.0 to $220.0 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 835.0 with a total volume of 1,341.00.

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 $80.0 to $220.0 over the last 30 days.

SolarEdge Technologies Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About SolarEdge Technologies

SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers. Additionally, the company has nonsolar products targeting energy storage and e-mobility.

After a thorough review of the options trading surrounding SolarEdge Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of SolarEdge Technologies

• Trading volume stands at 1,429,688, with SEDG's price up by 2.7%, positioned at $84.7.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 70 days.

What The Experts Say On SolarEdge Technologies

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $80.484.

• In a cautious move, an analyst from Wells Fargo downgraded its rating to Equal-Weight, setting a price target of $82.
• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on SolarEdge Technologies with a target price of $89.
• An analyst from Mizuho has revised its rating downward to Buy, adjusting the price target to $108.
• Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on SolarEdge Technologies with a target price of $89.
• An analyst from GLJ Research has decided to maintain their Sell rating on SolarEdge Technologies, which currently sits at a price target of $34.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for SolarEdge Technologies with Benzinga Pro for real-time alerts.