High-rolling investors have positioned themselves bullish on First Solar FSLR, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in FSLR often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 12 options trades for First Solar. This is not a typical pattern.
The sentiment among these major traders is split, with 41% bullish and 41% bearish. Among all the options we identified, there was one put, amounting to $58,344, and 11 calls, totaling $7,328,382.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $260.0 to $360.0 for First Solar over the recent three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in First Solar's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to First Solar's substantial trades, within a strike price spectrum from $260.0 to $360.0 over the preceding 30 days.
First Solar 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FSLR | CALL | SWEEP | BEARISH | 11/15/24 | $39.55 | $38.4 | $38.4 | $310.00 | $2.6M | 5.0K | 3 |
| FSLR | CALL | TRADE | NEUTRAL | 11/15/24 | $39.9 | $37.45 | $38.6 | $310.00 | $2.5M | 5.0K | 703 |
| FSLR | CALL | SWEEP | BEARISH | 11/15/24 | $41.7 | $40.8 | $40.8 | $310.00 | $1.0M | 5.0K | 1.8K |
| FSLR | CALL | SWEEP | BULLISH | 11/15/24 | $38.8 | $37.2 | $38.4 | $310.00 | $602.0K | 5.0K | 1.4K |
| FSLR | CALL | TRADE | NEUTRAL | 01/16/26 | $56.5 | $52.05 | $54.05 | $360.00 | $124.3K | 10.8K | 0 |
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.
In light of the recent options history for First Solar, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is First Solar Standing Right Now?
- Currently trading with a volume of 172,636, the FSLR's price is up by 2.08%, now at $300.65.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 43 days.
Professional Analyst Ratings for First Solar
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $297.0.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for First Solar, targeting a price of $302.
- An analyst from Morgan Stanley persists with their Overweight rating on First Solar, maintaining a target price of $331.
- An analyst from UBS persists with their Buy rating on First Solar, maintaining a target price of $270.
- An analyst from JP Morgan persists with their Overweight rating on First Solar, maintaining a target price of $262.
- Reflecting concerns, an analyst from Roth MKM lowers its rating to Buy with a new price target of $320.
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 First Solar with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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