Investors with significant funds have taken a bullish position in SolarEdge Technologies SEDG, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in SEDG usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 9 options transactions for SolarEdge Technologies. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 55% being bullish and 44% bearish. Of all the options we discovered, 8 are puts, valued at $654,202, and there was a single call, worth $61,050.
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 $50.0 to $190.0 for SolarEdge Technologies 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 SolarEdge Technologies's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across SolarEdge Technologies's significant trades, within a strike price range of $50.0 to $190.0, over the past month.
SolarEdge Technologies Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SEDG | PUT | SWEEP | BULLISH | 07/19/24 | $5.4 | $5.15 | $5.15 | $50.00 | $216.2K | 1.7K | 33 |
| SEDG | PUT | TRADE | BEARISH | 01/16/26 | $16.7 | $14.4 | $16.6 | $50.00 | $166.0K | 204 | 0 |
| SEDG | CALL | SWEEP | BULLISH | 09/20/24 | $5.5 | $5.45 | $5.5 | $55.00 | $61.0K | 688 | 51 |
| SEDG | PUT | SWEEP | BULLISH | 07/19/24 | $5.2 | $5.15 | $5.15 | $50.00 | $59.7K | 1.7K | 33 |
| SEDG | PUT | SWEEP | BEARISH | 01/17/25 | $143.5 | $139.4 | $143.5 | $190.00 | $57.4K | 79 | 10 |
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.
Having examined the options trading patterns of SolarEdge Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of SolarEdge Technologies
- With a volume of 1,007,945, the price of SEDG is up 1.22% at $46.45.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 48 days.
What Analysts Are Saying About SolarEdge Technologies
In the last month, 2 experts released ratings on this stock with an average target price of $66.5.
- An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on SolarEdge Technologies, which currently sits at a price target of $62.
- An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $71.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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