A whale with a lot of money to spend has taken a noticeably bearish stance on First Solar.
Looking at options history for First Solar FSLR we detected 22 strange trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 77% with bearish.
From the overall spotted trades, 20 are puts, for a total amount of $3,204,660 and 2, calls, for a total amount of $76,571.
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 $145.0 to $192.5 for First Solar over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for First Solar options trades today is 789.5 with a total volume of 12,828.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for First Solar's big money trades within a strike price range of $145.0 to $192.5 over the last 30 days.
First Solar Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FSLR | PUT | TRADE | BEARISH | 01/17/25 | $145.00 | $516.0K | 2.9K | 329 |
| FSLR | PUT | TRADE | BEARISH | 01/17/25 | $145.00 | $512.5K | 2.9K | 1.2K |
| FSLR | PUT | SWEEP | BEARISH | 01/17/25 | $145.00 | $502.2K | 2.9K | 931 |
| FSLR | PUT | TRADE | BEARISH | 01/17/25 | $145.00 | $474.7K | 2.9K | 629 |
| FSLR | PUT | TRADE | BEARISH | 01/17/25 | $145.00 | $430.0K | 2.9K | 1.5K |
Where Is First Solar Standing Right Now?
- With a volume of 774,288, the price of FSLR is down -3.95% at $177.23.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 31 days.
What The Experts Say On First Solar:
- B of A Securities has decided to maintain their Neutral rating on First Solar, which currently sits at a price target of $202.
- GLJ Research upgraded its action to Hold with a price target of $157
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 First Solar, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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