Investors with a lot of money to spend have taken a bullish stance on SolarEdge Technologies SEDG.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with SEDG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for SolarEdge Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $508,611, and there was 1 call, for a total amount of $25,345.
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 $12.5 to $500.0 for SolarEdge Technologies during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $12.5 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 | TRADE | BEARISH | 01/17/25 | $485.7 | $484.75 | $485.7 | $500.00 | $145.7K | 0 | 5 |
| SEDG | PUT | TRADE | NEUTRAL | 12/27/24 | $11.15 | $10.1 | $10.63 | $25.00 | $112.6K | 7 | 106 |
| SEDG | PUT | TRADE | BULLISH | 01/17/25 | $81.3 | $81.25 | $81.25 | $95.00 | $81.2K | 375 | 22 |
| SEDG | PUT | TRADE | NEUTRAL | 01/17/25 | $80.9 | $80.6 | $80.75 | $95.00 | $48.4K | 375 | 6 |
| SEDG | PUT | SWEEP | BULLISH | 03/21/25 | $7.25 | $7.15 | $7.15 | $20.00 | $45.7K | 1.2K | 65 |
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.
After a thorough review of the options trading surrounding SolarEdge Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of SolarEdge Technologies
- With a volume of 1,683,931, the price of SEDG is down -4.66% at $13.9.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 53 days.
What Analysts Are Saying About SolarEdge Technologies
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $3.9.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from GLJ Research has revised its rating downward to Sell, adjusting the price target to $3.
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 SolarEdge Technologies options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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