Deep-pocketed investors have adopted a bearish approach towards First Solar FSLR, 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 FSLR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 35 extraordinary options activities for First Solar. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 28% leaning bullish and 48% bearish. Among these notable options, 13 are puts, totaling $2,594,605, and 22 are calls, amounting to $1,999,712.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $130.0 to $320.0 for First Solar over the recent three months.
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 $130.0 to $320.0, over the past month.
First Solar Option Activity Analysis: 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 | PUT | TRADE | BULLISH | 01/16/26 | $42.0 | $40.95 | $41.2 | $240.00 | $1.6M | 101 | 0 |
| FSLR | CALL | TRADE | BEARISH | 08/16/24 | $19.15 | $19.0 | $19.0 | $260.00 | $950.0K | 289 | 108 |
| FSLR | PUT | TRADE | NEUTRAL | 07/19/24 | $63.8 | $61.7 | $62.64 | $320.00 | $125.2K | 243 | 40 |
| FSLR | PUT | TRADE | NEUTRAL | 07/19/24 | $63.0 | $61.9 | $62.45 | $320.00 | $124.9K | 243 | 80 |
| FSLR | PUT | TRADE | NEUTRAL | 07/19/24 | $63.0 | $61.8 | $62.33 | $320.00 | $124.6K | 243 | 60 |
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.
Current Position of First Solar
- Currently trading with a volume of 1,439,451, the FSLR's price is down by -1.74%, now at $256.74.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 30 days.
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.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
