Deep-pocketed investors have adopted a bearish approach towards SolarEdge Technologies (NASDAQ:SEDG), 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 SEDG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for SolarEdge Technologies. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 69% bearish. Among these notable options, 10 are puts, totaling $548,124, and 3 are calls, amounting to $181,000.
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 $50.0 to $190.0 for SolarEdge Technologies during the past quarter.
Insights into Volume & Open Interest
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 SolarEdge Technologies'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 SolarEdge Technologies's whale activity within a strike price range from $50.0 to $190.0 in the last 30 days.
SolarEdge Technologies 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
About SolarEdge Technologies
SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.
SolarEdge Technologies's Current Market Status
- With a trading volume of 1,702,079, the price of SEDG is down by -0.95%, reaching $68.68.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 63 days from now.
What The Experts Say On SolarEdge Technologies
In the last month, 5 experts released ratings on this stock with an average target price of $91.2.
- Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on SolarEdge Technologies with a target price of $97.
- An analyst from Scotiabank persists with their Sector Perform rating on SolarEdge Technologies, maintaining a target price of $90.
- An analyst from BMO Capital has decided to maintain their Market Perform rating on SolarEdge Technologies, which currently sits at a price target of $80.
- An analyst from Mizuho has decided to maintain their Buy rating on SolarEdge Technologies, which currently sits at a price target of $106.
- Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on SolarEdge Technologies with a target price of $83.
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 SolarEdge Technologies options trades with real-time alerts from Benzinga Pro.
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