Deep-pocketed investors have adopted a bullish approach towards First Solar (NASDAQ:FSLR), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in FSLR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 36 extraordinary options activities for First Solar. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 58% leaning bullish and 33% bearish. Among these notable options, 12 are puts, totaling $701,960, and 24 are calls, amounting to $2,315,304.
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 $120.0 to $310.0 for First Solar during the past quarter.
Volume & Open Interest Development
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 $120.0 to $310.0, over the past month.
First Solar Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FSLR | CALL | TRADE | BEARISH | 12/20/24 | $23.0 | $22.6 | $22.6 | $270.00 | $1.0M | 234 | 453 |
| FSLR | CALL | SWEEP | BULLISH | 03/21/25 | $28.95 | $28.7 | $28.95 | $280.00 | $133.1K | 438 | 46 |
| FSLR | CALL | SWEEP | BULLISH | 01/15/27 | $153.95 | $152.0 | $153.9 | $120.00 | $123.2K | 8 | 8 |
| FSLR | PUT | TRADE | BULLISH | 01/17/25 | $45.5 | $45.3 | $45.3 | $280.00 | $117.7K | 123 | 26 |
| FSLR | CALL | SWEEP | NEUTRAL | 10/18/24 | $10.55 | $10.35 | $10.48 | $250.00 | $111.9K | 737 | 155 |
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.
Present Market Standing of First Solar
- Currently trading with a volume of 895,483, the FSLR's price is down by -2.56%, now at $249.2.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 29 days.
Professional Analyst Ratings for First Solar
2 market experts have recently issued ratings for this stock, with a consensus target price of $321.5.
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