Whales with a lot of money to spend have taken a noticeably bearish stance on SolarEdge Technologies.
Looking at options history for SolarEdge Technologies SEDG we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $779,960 and 13, calls, for a total amount of $709,041.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $25.0 to $80.0 for SolarEdge Technologies over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for SolarEdge Technologies's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of SolarEdge Technologies's whale trades within a strike price range from $25.0 to $80.0 in the last 30 days.
SolarEdge Technologies Call and Put Volume: 30-Day Overview
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 | BEARISH | 01/17/25 | $39.0 | $38.95 | $39.0 | $65.00 | $444.6K | 2.5K | 50 |
| SEDG | PUT | SWEEP | BEARISH | 01/17/25 | $39.0 | $38.85 | $39.0 | $65.00 | $148.2K | 2.5K | 0 |
| SEDG | PUT | TRADE | BEARISH | 01/17/25 | $53.6 | $53.6 | $53.6 | $80.00 | $85.7K | 742 | 0 |
| SEDG | CALL | TRADE | BULLISH | 06/20/25 | $6.6 | $6.25 | $6.6 | $35.00 | $66.0K | 82 | 0 |
| SEDG | CALL | SWEEP | BEARISH | 06/20/25 | $6.7 | $6.4 | $6.4 | $35.00 | $65.2K | 82 | 662 |
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.
Current Position of SolarEdge Technologies
- With a trading volume of 2,442,063, the price of SEDG is down by -1.3%, reaching $26.06.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 34 days from now.
What The Experts Say On SolarEdge Technologies
In the last month, 5 experts released ratings on this stock with an average target price of $53.2.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on SolarEdge Technologies with a target price of $49.
- Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Perform rating on SolarEdge Technologies with a target price of $46.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on SolarEdge Technologies with a target price of $41.
- Reflecting concerns, an analyst from RBC Capital lowers its rating to Sector Perform with a new price target of $71.
- An analyst from JP Morgan has decided to maintain their Overweight rating on SolarEdge Technologies, which currently sits at a price target 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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