Whales with a lot of money to spend have taken a noticeably bullish stance on Maxeon Solar Technologies.
Looking at options history for Maxeon Solar Technologies MAXN we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $774,170 and 5, calls, for a total amount of $519,256.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1.0 to $2.5 for Maxeon Solar Technologies over the recent three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Maxeon Solar 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 Maxeon Solar Technologies's significant trades, within a strike price range of $1.0 to $2.5, over the past month.
Maxeon Solar Technologies 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MAXN | CALL | SWEEP | BULLISH | 07/19/24 | $0.2 | $0.15 | $0.2 | $1.50 | $173.6K | 12.6K | 7.4K |
| MAXN | CALL | SWEEP | BULLISH | 07/19/24 | $0.25 | $0.15 | $0.2 | $1.00 | $163.2K | 31.4K | 610 |
| MAXN | PUT | SWEEP | BULLISH | 07/19/24 | $2.25 | $2.15 | $2.2 | $2.50 | $144.1K | 132.2K | 639 |
| MAXN | PUT | SWEEP | BEARISH | 07/19/24 | $2.2 | $2.15 | $2.2 | $2.50 | $114.8K | 132.2K | 639 |
| MAXN | PUT | SWEEP | BEARISH | 07/19/24 | $2.2 | $2.15 | $2.2 | $2.50 | $94.1K | 132.2K | 2.5K |
About Maxeon Solar Technologies
Maxeon Solar Technologies Ltd is engaged in the manufacturing and marketing of premium solar technology. It owns and operates solar cell and panel manufacturing facilities located in Malaysia, Mexico, and the Philippines. The company's primary products are the Maxeon line of interdigitated back contact (IBC) solar cells and panels, and the Performance line (formerly, P-Series) of shingled solar cells and panels. the Maxeon line of solar panels are the highest-efficiency solar panels on the market with an aesthetically pleasing design, and the Performance line of solar panels offers a high-value and cost-effective solution. It is targeted at residential and small-scale commercial customers across the globe. The company derives its revenue from the United States, France, Italy, and others.
After a thorough review of the options trading surrounding Maxeon Solar Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Maxeon Solar Technologies Standing Right Now?
- With a trading volume of 413,190, the price of MAXN is up by 6.93%, reaching $1.08.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 43 days from now.
Expert Opinions on Maxeon Solar Technologies
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $1.5.
- An analyst from Roth MKM has decided to maintain their Neutral rating on Maxeon Solar Technologies, which currently sits at a price target of $2.
- An analyst from Goldman Sachs downgraded its action to Sell with a price target of $1.
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 Maxeon Solar 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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