A whale with a lot of money to spend has taken a noticeably bearish stance on First Solar.
Looking at options history for First Solar FSLR we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $147,850 and 9, calls, for a total amount of $399,144.
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 $60.0 to $105.0 for First Solar over the last 3 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 $60.0 to $105.0 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 | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FSLR | CALL | SWEEP | BEARISH | 08/05/22 | $95.00 | $133.8K | 4.1K | 552 |
| FSLR | PUT | TRADE | BEARISH | 08/26/22 | $95.00 | $99.7K | 6 | 250 |
| FSLR | PUT | SWEEP | BULLISH | 01/20/23 | $60.00 | $48.1K | 1.8K | 371 |
| FSLR | CALL | SWEEP | NEUTRAL | 08/05/22 | $105.00 | $45.2K | 397 | 351 |
| FSLR | CALL | SWEEP | BEARISH | 08/05/22 | $95.00 | $44.9K | 4.1K | 117 |
Where Is First Solar Standing Right Now?
- With a volume of 1,049,692, the price of FSLR is up 0.33% at $99.5.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 94 days.
What The Experts Say On First Solar:
- B of A Securities upgraded its action to Neutral with a price target of $104
- JP Morgan has decided to maintain their Neutral rating on First Solar, which currently sits at a price target of $73.
- B of A Securities has decided to maintain their Underperform rating on First Solar, which currently sits at a price target of $63.
- Oppenheimer upgraded its action to Outperform with a price target of $116
- JP Morgan has decided to maintain their Neutral rating on First Solar, which currently sits at a price target of $83.
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.
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