A whale investor has taken a bearish stance on SolarEdge Technologies with 75% of the trades opening with bearish expectations. The contracts suggest that the price range for SEDG has been targeted from $185.0 to $360.0 over the last three months. The volume and open interest data can help track the liquidity and interest for SolarEdge Technologies’ options for a given strike price. The biggest options spotted were puts for SEDG, and options are riskier assets than just trading the stock, but they also have higher profit potential. To manage risk, serious options traders educate themselves daily, follow more than one indicator, and keep a close eye on the markets.
Betting on SolarEdge Technologies – A Whale’s Bearish Stance
A whale investor with a large sum of money has taken a noticeably bearish stance on SolarEdge Technologies (NASDAQ:SEDG). According to the options history for SEDG, 20 trades were detected, of which 25% were opened with bullish expectations and 75% with bearish expectations. Out of these trades, 18 were puts, with a total amount of $718,093, and 2 were calls, with a total amount of $90,990.
What’s The Price Target?
The volume and open interest on these contracts suggest that whales have been targeting a price range of $185.0 to $360.0 for SEDG over the last three months.
Volume & Open Interest Development
Analyzing the volume and open interest data is an insightful way to conduct due diligence on a stock. This data can help track the liquidity and interest for SolarEdge Technologies’ options for a given strike price. The chart below shows the evolution of the volume and open interest of calls and puts, respectively, for all of SolarEdge Technologies’ whale activity within a strike price range of $185.0 to $360.0 in the last 30 days.
SolarEdge Technologies Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
Here are the biggest options spotted for SEDG:
|Symbol|PUT/CALL|Trade Type|Sentiment|Exp. Date|Strike Price|Total Trade Price|Open Interest|Volume|
|-|-|-|-|-|-|-|-|-|
|SEDG|PUT|SWEEP|BEARISH|09/15/23|$270.00|$98.7K|12|360|
|SEDG|PUT|SWEEP|BULLISH|01/19/24|$185.00|$87.6K|21|62|
|SEDG|PUT|SWEEP|NEUTRAL|09/15/23|$270.00|$69.2K|12|388|
|SEDG|PUT|TRADE|BULLISH|04/21/23|$295.00|$63.3K|5|40|
|SEDG|CALL|TRADE|BULLISH|09/15/23|$330.00|$58.2K|580|16|
Where Is SolarEdge Technologies Standing Right Now?
As of now, with a volume of 869,670, the price of SEDG is up 0.18% at $297.04. However, RSI indicators suggest that the underlying stock may be approaching overbought levels. The next earnings release is expected in 40 days.
Options are riskier assets than just trading the stock, but they also have higher profit potential. Serious options traders manage their risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and keeping a close eye on the markets. For real-time options trade alerts on SolarEdge Technologies, check out Benzinga Pro.
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