Whales with a lot of money to spend have taken a noticeably bearish stance on First Solar.
Looking at options history for First Solar (NASDAQ:FSLR) we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 42% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $237,997 and 9, calls, for a total amount of $491,735.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $210.0 to $360.0 for First Solar during the past quarter.
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 $210.0 to $360.0 in the last 30 days.
First Solar Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FSLR | CALL | TRADE | BULLISH | 06/28/24 | $3.0 | $2.54 | $3.0 | $272.50 | $85.5K | 91 | 18 |
| FSLR | PUT | TRADE | BULLISH | 01/16/26 | $120.45 | $118.1 | $118.1 | $360.00 | $82.6K | 16 | 0 |
| FSLR | CALL | TRADE | NEUTRAL | 08/16/24 | $8.3 | $7.9 | $8.1 | $300.00 | $81.0K | 696 | 151 |
| FSLR | CALL | TRADE | BEARISH | 08/16/24 | $8.25 | $7.95 | $7.95 | $300.00 | $79.5K | 696 | 271 |
| FSLR | CALL | TRADE | BULLISH | 07/19/24 | $14.0 | $14.0 | $14.0 | $260.00 | $56.0K | 1.2K | 17 |
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.
Having examined the options trading patterns of First Solar, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is First Solar Standing Right Now?
- Currently trading with a volume of 352,081, the FSLR's price is down by -2.03%, now at $257.05.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 35 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.