Investors with significant funds have taken a bullish position in SolarEdge Technologies SEDG, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in SEDG usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 9 options transactions for SolarEdge Technologies. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 44% being bullish and 44% bearish. Of all the options we discovered, 8 are puts, valued at $1,300,698, and there was a single call, worth $34,000.
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 $35.0 to $110.0 for SolarEdge Technologies during the past quarter.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in SolarEdge Technologies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to SolarEdge Technologies's substantial trades, within a strike price spectrum from $35.0 to $110.0 over the preceding 30 days.
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 | BULLISH | 01/17/25 | $39.8 | $39.2 | $39.35 | $80.00 | $464.3K | 1.4K | 79 |
| SEDG | PUT | TRADE | BEARISH | 01/17/25 | $39.95 | $37.35 | $39.0 | $80.00 | $284.7K | 1.4K | 0 |
| SEDG | PUT | TRADE | NEUTRAL | 01/17/25 | $43.8 | $43.35 | $43.55 | $85.00 | $235.1K | 528 | 0 |
| SEDG | PUT | TRADE | BULLISH | 01/17/25 | $44.05 | $43.4 | $43.64 | $85.00 | $161.4K | 528 | 54 |
| SEDG | PUT | SWEEP | BEARISH | 01/16/26 | $69.9 | $68.0 | $68.0 | $110.00 | $68.0K | 107 | 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.
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.
Present Market Standing of SolarEdge Technologies
- With a volume of 1,081,377, the price of SEDG is down -4.17% at $41.47.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 46 days.
What Analysts Are Saying About SolarEdge Technologies
1 market experts have recently issued ratings for this stock, with a consensus target price of $71.0.
- An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $71.
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.
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