A Closer Look at First Solar's Options Market Dynamics

Financial giants have made a conspicuous bullish move on First Solar. Our analysis of options history for First Solar FSLR revealed 19 unusual trades.

Delving into the details, we found 52% of traders were bullish, while 31% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $619,442, and 8 were calls, valued at $285,100.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $135.0 to $300.0 for First Solar during the past quarter.

Insights into 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 First Solar'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 First Solar's whale activity within a strike price range from $135.0 to $300.0 in the last 30 days.

First Solar 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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.

Having examined the options trading patterns of First Solar, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

First Solar's Current Market Status

• Currently trading with a volume of 983,700, the FSLR's price is up by 5.66%, now at $228.42.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 4 days.

What Analysts Are Saying About First Solar

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $287.8.

• An analyst from Susquehanna persists with their Positive rating on First Solar, maintaining a target price of $285.
• An analyst from JP Morgan has decided to maintain their Overweight rating on First Solar, which currently sits at a price target of $282.
• An analyst from Baird has decided to maintain their Outperform rating on First Solar, which currently sits at a price target of $307.
• In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $315.
• An analyst from Piper Sandler has decided to maintain their Overweight rating on First Solar, which currently sits at a price target of $250.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest First Solar options trades with real-time alerts from Benzinga Pro.