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 11% bearish. Of all the options we discovered, 8 are puts, valued at $397,050, and there was a single call, worth $41,600.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $32.5 to $90.0 for SolarEdge Technologies over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of SolarEdge Technologies stands at 249.33, with a total volume reaching 570.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in SolarEdge Technologies, situated within the strike price corridor from $32.5 to $90.0, throughout the last 30 days.
SolarEdge Technologies Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SEDG | PUT | SWEEP | BULLISH | 06/20/25 | $13.8 | $13.6 | $13.6 | $40.00 | $82.8K | 265 | 19 |
| SEDG | PUT | SWEEP | BULLISH | 06/20/25 | $13.8 | $13.45 | $13.51 | $40.00 | $69.0K | 265 | 243 |
| SEDG | PUT | SWEEP | NEUTRAL | 06/28/24 | $6.25 | $5.15 | $5.35 | $39.00 | $53.5K | 85 | 196 |
| SEDG | PUT | SWEEP | BULLISH | 06/20/25 | $21.25 | $20.8 | $20.83 | $50.00 | $50.0K | 775 | 0 |
| SEDG | PUT | TRADE | BULLISH | 06/20/25 | $13.75 | $13.35 | $13.43 | $40.00 | $48.3K | 265 | 107 |
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.
After a thorough review of the options trading surrounding SolarEdge Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of SolarEdge Technologies
- Trading volume stands at 2,004,981, with SEDG's price down by -3.53%, positioned at $33.1.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 39 days.
Expert Opinions on SolarEdge Technologies
In the last month, 2 experts released ratings on this stock with an average target price of $65.0.
- In a cautious move, an analyst from RBC Capital downgraded its rating to Sector Perform, setting a price target of $71.
- An analyst from JP Morgan persists with their Overweight rating on SolarEdge Technologies, maintaining a target price of $59.
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 SolarEdge Technologies options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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