Behind the Scenes of First Solar's Latest Options Trends

Financial giants have made a conspicuous bearish move on First Solar. Our analysis of options history for First Solar FSLR revealed 8 unusual trades.

Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $250,595, and 4 were calls, valued at $157,650.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $220.0 for First Solar during the past quarter.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for First Solar's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across First Solar's significant trades, within a strike price range of $75.0 to $220.0, over the past month.

First Solar 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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.

Where Is First Solar Standing Right Now?

• With a volume of 652,725, the price of FSLR is down -1.07% at $165.09.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 50 days.

Professional Analyst Ratings for First Solar

3 market experts have recently issued ratings for this stock, with a consensus target price of $198.0.

• An analyst from Jefferies has revised its rating downward to Buy, adjusting the price target to $211.
• Reflecting concerns, an analyst from Wells Fargo lowers its rating to Equal-Weight with a new price target of $187.
• An analyst from Mizuho persists with their Buy rating on First Solar, maintaining a target price of $196.

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.