Whales with a lot of money to spend have taken a noticeably bearish stance on First Solar.
Looking at options history for First Solar FSLR we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $187,095 and 6, calls, for a total amount of $330,758.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $210.0 to $280.0 for First Solar over the last 3 months.
Volume & Open Interest Development
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 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 trades within a strike price range from $210.0 to $280.0 in the last 30 days.
First Solar Option Activity Analysis: 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FSLR | CALL | TRADE | BULLISH | 10/25/24 | $4.75 | $3.15 | $4.25 | $280.00 | $106.2K | 300 | 50 |
| FSLR | PUT | TRADE | BEARISH | 12/20/24 | $17.4 | $16.4 | $17.05 | $210.00 | $85.2K | 110 | 54 |
| FSLR | CALL | SWEEP | BEARISH | 12/20/24 | $26.85 | $25.3 | $25.6 | $250.00 | $74.3K | 616 | 34 |
| FSLR | PUT | TRADE | BULLISH | 12/20/24 | $28.15 | $28.1 | $28.1 | $240.00 | $53.3K | 270 | 70 |
| FSLR | PUT | TRADE | BEARISH | 11/15/24 | $44.05 | $43.4 | $44.05 | $270.00 | $48.4K | 151 | 11 |
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
- Trading volume stands at 988,423, with FSLR's price down by -1.21%, positioned at $236.94.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 47 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for First Solar with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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