Deep-pocketed investors have adopted a bullish 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 16 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 50% leaning bullish and 43% bearish. Among these notable options, 10 are puts, totaling $1,052,947, and 6 are calls, amounting to $228,982.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $500.0 for SolarEdge Technologies during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for SolarEdge Technologies'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 SolarEdge Technologies's whale activity within a strike price range from $40.0 to $500.0 in the last 30 days.
SolarEdge Technologies Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SEDG | PUT | SWEEP | BULLISH | 09/20/24 | $14.2 | $14.0 | $14.0 | $65.00 | $280.0K | 355 | 500 |
| SEDG | PUT | TRADE | BEARISH | 01/17/25 | $440.5 | $436.8 | $440.5 | $500.00 | $176.2K | 0 | 0 |
| SEDG | PUT | SWEEP | BULLISH | 09/20/24 | $14.55 | $14.4 | $14.4 | $65.00 | $151.2K | 355 | 85 |
| SEDG | PUT | SWEEP | BULLISH | 09/20/24 | $14.2 | $14.05 | $14.05 | $65.00 | $148.9K | 355 | 190 |
| SEDG | PUT | SWEEP | BEARISH | 09/20/24 | $11.2 | $11.15 | $11.2 | $60.00 | $110.8K | 503 | 0 |
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.
Following our analysis of the options activities associated with SolarEdge Technologies, we pivot to a closer look at the company's own performance.
Where Is SolarEdge Technologies Standing Right Now?
- Trading volume stands at 1,915,315, with SEDG's price down by -0.58%, positioned at $59.72.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 1 days.
Professional Analyst Ratings for SolarEdge Technologies
5 market experts have recently issued ratings for this stock, with a consensus target price of $82.2.
- An analyst from Roth MKM has decided to maintain their Neutral rating on SolarEdge Technologies, which currently sits at a price target of $60.
- An analyst from DZ Bank downgraded its action to Hold with a price target of $62.
- Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on SolarEdge Technologies with a target price of $104.
- An analyst from Barclays has decided to maintain their Underweight rating on SolarEdge Technologies, which currently sits at a price target of $61.
- Consistent in their evaluation, an analyst from B. Riley Securities keeps a Buy rating on SolarEdge Technologies with a target price of $124.
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 SolarEdge Technologies, Benzinga Pro gives you real-time options trades 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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