Investors with a lot of money to spend have taken a bullish stance on SolarEdge Technologies (NASDAQ: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 these are institutions or just wealthy individuals, we don't know. But when something this big happens with SEDG, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for SolarEdge Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 40%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $110,620, and 7 are calls, for a total amount of $1,276,821.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2.5 to $80.0 for SolarEdge Technologies over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for SolarEdge Technologies options trades today is 649.0 with a total volume of 3,594.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for SolarEdge Technologies's big money trades within a strike price range of $2.5 to $80.0 over the last 30 days.

SolarEdge Technologies Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About SolarEdge Technologies

Following our analysis of the options activities associated with SolarEdge Technologies, we pivot to a closer look at the company's own performance.

SolarEdge Technologies's Current Market Status

• Trading volume stands at 2,867,751, with SEDG's price down by -3.34%, positioned at $15.94.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 65 days.

What Analysts Are Saying About SolarEdge Technologies

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $18.6.

Unusual Options Activity Detected: Smart Money on the Move

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.