First Solar's Options Frenzy: What You Need to Know

Financial giants have made a conspicuous bearish move on First Solar. Our analysis of options history for First Solar FSLR revealed 13 unusual trades.

Delving into the details, we found 46% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $900,861, and 3 were calls, valued at $108,010.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $300.0 for First Solar over the recent three months.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for First Solar'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 First Solar's whale trades within a strike price range from $110.0 to $300.0 in the last 30 days.

First Solar Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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.

Following our analysis of the options activities associated with First Solar, we pivot to a closer look at the company's own performance.

First Solar's Current Market Status

• Trading volume stands at 950,409, with FSLR's price down by -4.42%, positioned at $139.65.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 77 days.

Expert Opinions on First Solar

2 market experts have recently issued ratings for this stock, with a consensus target price of $212.5.

• An analyst from Mizuho downgraded its action to Buy with a price target of $188.
• An analyst from Morgan Stanley upgraded its action to Overweight with a price target of $237.

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.