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Investors with a lot of money to spend have taken a bearish stance on First Solar (NASDAQ:FSLR).
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 8 options trades for First Solar.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $93,598, and 7, calls, for a total amount of $217,190.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $290.0 for First Solar during the past quarter.
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 $200.0 to $290.0 in the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
FSLR | PUT | SWEEP | BEARISH | 10/18/24 | $46.8 | $45.8 | $46.8 | $260.00 | $93.5K | 3 | 14 |
FSLR | CALL | TRADE | NEUTRAL | 11/15/24 | $32.95 | $30.2 | $31.53 | $220.00 | $47.2K | 138 | 0 |
FSLR | CALL | SWEEP | BEARISH | 07/26/24 | $4.7 | $4.5 | $4.5 | $225.00 | $31.5K | 1.0K | 215 |
FSLR | CALL | TRADE | NEUTRAL | 08/16/24 | $32.1 | $29.2 | $30.55 | $200.00 | $30.5K | 99 | 0 |
FSLR | CALL | TRADE | NEUTRAL | 07/26/24 | $12.2 | $10.35 | $11.3 | $215.00 | $28.2K | 1.7K | 28 |
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.
In the last month, 5 experts released ratings on this stock with an average target price of $293.8.
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.
Posted In: FSLR