Behind the Scenes of First Solar's Latest Options Trends

Investors with a lot of money to spend have taken a bearish stance on First Solar FSLR.

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 FSLR, 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 First Solar.

This isn't normal.

The overall sentiment of these big-money traders is split between 20% bullish and 80%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $435,241, and 2 are calls, for a total amount of $56,800.

Get Started

Earn 7.2% — No Matter What the Fed Does

Markets expect rate cuts — but your earnings don’t have to suffer. Lock in 7.2% until 2028 from ten individual bonds.

Get Started

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $200.0 for First Solar over the recent three months.

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 $110.0 to $200.0, 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.

First Solar's Current Market Status

• With a volume of 1,693,002, the price of FSLR is up 0.91% at $139.09.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 110 days.

Professional Analyst Ratings for First Solar

In the last month, 5 experts released ratings on this stock with an average target price of $227.4.

• An analyst from Morgan Stanley persists with their Equal-Weight rating on First Solar, maintaining a target price of $214.
• In a cautious move, an analyst from Exane BNP Paribas downgraded its rating to Outperform, setting a price target of $237.
• An analyst from UBS persists with their Buy rating on First Solar, maintaining a target price of $250.
• Showing optimism, an analyst from JP Morgan upgrades its rating to Overweight with a revised price target of $220.
• Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for First Solar, targeting a price of $216.

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.