Decoding First Solar's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bearish stance on First Solar FSLR.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with FSLR, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 27 uncommon options trades for First Solar.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 44%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $318,015, and 21 are calls, for a total amount of $1,445,637.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $95.0 to $260.0 for First Solar over the recent three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for First Solar's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across First Solar's significant trades, within a strike price range of $95.0 to $260.0, over the past month.

First Solar Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

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.

Following our analysis of the options activities associated with First Solar, we pivot to a closer look at the company's own performance.

Current Position of First Solar

• Trading volume stands at 971,243, with FSLR's price down by -2.97%, positioned at $183.62.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 43 days.

Professional Analyst Ratings for First Solar

3 market experts have recently issued ratings for this stock, with a consensus target price of $241.33333333333334.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Jefferies has decided to maintain their Buy rating on First Solar, which currently sits at a price target of $248. * An analyst from Baird has decided to maintain their Outperform rating on First Solar, which currently sits at a price target of $267. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for First Solar, targeting a price of $209.

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.