Whales with a lot of money to spend have taken a noticeably bullish stance on First Solar.
Looking at options history for First Solar FSLR we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $314,567 and 3, calls, for a total amount of $90,135.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $260.0 for First Solar, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for First Solar'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 First Solar's whale activity within a strike price range from $200.0 to $260.0 in the last 30 days.
First Solar Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FSLR | PUT | SWEEP | BULLISH | 09/20/24 | $4.85 | $4.65 | $4.8 | $210.00 | $167.2K | 1.1K | 317 |
| FSLR | PUT | SWEEP | BULLISH | 03/21/25 | $34.1 | $33.6 | $33.6 | $230.00 | $43.6K | 100 | 0 |
| FSLR | PUT | TRADE | BULLISH | 12/20/24 | $33.9 | $33.5 | $33.5 | $240.00 | $36.8K | 112 | 11 |
| FSLR | PUT | SWEEP | BEARISH | 08/23/24 | $11.05 | $9.75 | $11.05 | $235.00 | $35.3K | 18 | 34 |
| FSLR | CALL | SWEEP | BULLISH | 09/20/24 | $3.35 | $3.05 | $3.23 | $260.00 | $32.9K | 1.2K | 10 |
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.
Current Position of First Solar
- Currently trading with a volume of 486,548, the FSLR's price is up by 1.49%, now at $228.91.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 75 days.
Expert Opinions on First Solar
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $307.4.
- An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $315.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on First Solar, which currently sits at a price target of $326.
- Maintaining their stance, an analyst from UBS continues to hold a Buy rating for First Solar, targeting a price of $360.
- An analyst from BMO Capital has decided to maintain their Outperform rating on First Solar, which currently sits at a price target of $286.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on First Solar with a target price of $250.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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