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Bullish Trends in First Solar Options Trading Revealed

Bullish trends noted in First Solar's options trading indicate investor confidence, with 50% of traders expecting a price movement. The stock could see favorable adjustments based on recent trades and analyst price targets.

Date: 
AI Rating:   7

Options Trading Overview

Recent unusual options trading for First Solar (FSLR) shows that 50% of traders are bullish, suggesting a level of optimism in the market. The total trades captured include 5 puts valued at $177,620 and 5 calls valued at $197,900, indicating that while there is bullish sentiment, some investors also hedge their bets with put options.

Predicted Price Range

Investors have targeted a price range between $90.0 and $175.0 for FSLR, indicating varying opinions on where the stock might go. This indeed reflects a considerable divergence in trader sentiment.

Trading Volume & Options Activity

With a trading volume of 702,541 and a current price of $130.26 down by -0.49%, it appears investors are actively watching this stock. The RSI indicators suggest the stock may be oversold, which could be a signal for potential upward movement in the future.

Analyst Ratings & Price Targets

The report includes insights from five analysts who have recently revised their targets, with an average price target of $266.2, while individual targets range from $236 to $304 by different analysts. This consensus among analysts showcases a generally positive outlook for First Solar, despite its current stock price declining.

Overall, the options trading activity alongside analyst recommendations adds a layer of positive sentiment for investors, indicating that many are still confident in First Solar’s future performance.