First Solar Unusual Options Activity

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 16 options trades for First Solar. This is not a typical pattern.

The sentiment among these major traders is split, with 43% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $28,435, and 15 calls, totaling $1,094,121.

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 $85.0 to $250.0 for First Solar during the past quarter.

Volume & Open Interest Development

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 $85.0 to $250.0, over the past month.

First Solar Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

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 183,534, the FSLR's price is up by 4.72%, now at $184.56.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 54 days.

Professional Analyst Ratings for First Solar

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $257.5.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for First Solar, targeting a price of $248. * An analyst from Baird persists with their Outperform rating on First Solar, maintaining a target price of $267.

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.