First Solar's Options: A Look at What the Big Money is Thinking

Investors with significant funds have taken a bearish position in First Solar FSLR, 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 FSLR usually indicates foreknowledge of upcoming events.

Today, Benzinga's options scanner identified 9 options transactions for First Solar. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 33% being bullish and 66% bearish. Of all the options we discovered, 8 are puts, valued at $399,107, and there was a single call, worth $140,000.

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 $180.0 to $300.0 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 $180.0 to $300.0 in the last 30 days.

First Solar Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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.

After a thorough review of the options trading surrounding First Solar, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of First Solar

• Trading volume stands at 737,927, with FSLR's price down by -1.57%, positioned at $181.38.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 68 days.

What The Experts Say On First Solar

3 market experts have recently issued ratings for this stock, with a consensus target price of $242.33333333333334.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on First Solar with a target price of $250. * Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for First Solar, targeting a price of $267. * Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for First Solar, targeting a price of $210.

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 First Solar options trades with real-time alerts from Benzinga Pro.