First Solar Unusual Options Activity For April 19

Financial giants have made a conspicuous bullish move on First Solar. Our analysis of options history for First Solar FSLR revealed 18 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $746,629, and 5 were calls, valued at $273,065.

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 $145.0 to $220.0 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 $145.0 to $220.0 in the last 30 days.

First Solar Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

In light of the recent options history for First Solar, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is First Solar Standing Right Now?

• With a trading volume of 1,305,876, the price of FSLR is up by 1.77%, reaching $177.38.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 12 days from now.

Professional Analyst Ratings for First Solar

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $234.0.

• Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on First Solar with a target price of $269.
• An analyst from Barclays has decided to maintain their Overweight rating on First Solar, which currently sits at a price target of $227.
• In a cautious move, an analyst from Roth MKM downgraded its rating to Buy, setting a price target of $230.
• In a positive move, an analyst from Wells Fargo has upgraded their rating to Overweight and adjusted the price target to $250.
• An analyst from B of A Securities has decided to maintain their Buy rating on First Solar, which currently sits at a price target of $194.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest First Solar options trades with real-time alerts from Benzinga Pro.