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 9 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 44% leaning bullish and 55% bearish. Among these notable options, 3 are puts, totaling $336,010, and 6 are calls, amounting to $179,230.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $59.0 to $500.0 for SolarEdge Technologies over the recent three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for SolarEdge Technologies's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across SolarEdge Technologies's significant trades, within a strike price range of $59.0 to $500.0, over the past month.
SolarEdge Technologies 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SEDG | PUT | TRADE | BEARISH | 01/17/25 | $442.05 | $436.6 | $441.0 | $500.00 | $220.5K | 0 | 0 |
| SEDG | PUT | TRADE | BULLISH | 01/17/25 | $78.45 | $77.7 | $77.7 | $135.00 | $62.1K | 153 | 10 |
| SEDG | PUT | TRADE | BEARISH | 07/19/24 | $24.25 | $24.0 | $24.25 | $80.00 | $53.3K | 96 | 22 |
| SEDG | CALL | SWEEP | BULLISH | 09/20/24 | $2.56 | $2.47 | $2.5 | $100.00 | $50.0K | 302 | 702 |
| SEDG | CALL | TRADE | BULLISH | 09/20/24 | $2.7 | $2.6 | $2.7 | $100.00 | $27.0K | 302 | 152 |
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.
In light of the recent options history for SolarEdge Technologies, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is SolarEdge Technologies Standing Right Now?
- With a volume of 445,390, the price of SEDG is down -0.41% at $57.86.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 6 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 $88.6.
- An analyst from Barclays persists with their Underweight rating on SolarEdge Technologies, maintaining a target price of $61.
- Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for SolarEdge Technologies, targeting a price of $92.
- An analyst from B. Riley Securities has decided to maintain their Buy rating on SolarEdge Technologies, which currently sits at a price target of $124.
- An analyst from Mizuho persists with their Buy rating on SolarEdge Technologies, maintaining a target price of $104.
- An analyst from DZ Bank has revised its rating downward to Hold, adjusting the price target to $62.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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