Financial giants have made a conspicuous bearish move on Maxeon Solar Technologies. Our analysis of options history for Maxeon Solar Technologies (NASDAQ:MAXN) revealed 23 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 21 were puts, with a value of $1,593,915, and 2 were calls, valued at $178,793.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1.0 to $3.0 for Maxeon Solar Technologies over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Maxeon Solar Technologies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Maxeon Solar Technologies's substantial trades, within a strike price spectrum from $1.0 to $3.0 over the preceding 30 days.
Maxeon Solar Technologies Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MAXN | PUT | TRADE | BULLISH | 06/21/24 | $1.8 | $1.5 | $1.5 | $3.00 | $196.2K | 8.6K | 1.7K |
| MAXN | PUT | SWEEP | BEARISH | 07/19/24 | $1.95 | $1.9 | $1.95 | $2.50 | $152.4K | 88.6K | 4.2K |
| MAXN | PUT | SWEEP | BULLISH | 07/19/24 | $2.0 | $1.9 | $1.95 | $2.50 | $150.9K | 88.6K | 4.2K |
| MAXN | CALL | SWEEP | BEARISH | 07/19/24 | $0.85 | $0.65 | $0.65 | $1.00 | $138.7K | 147 | 215 |
| MAXN | PUT | SWEEP | BEARISH | 07/19/24 | $1.95 | $1.9 | $1.95 | $2.50 | $127.5K | 88.6K | 4.2K |
About Maxeon Solar Technologies
Maxeon Solar Technologies Ltd is engaged in the manufacturing and marketing of premium solar technology. It owns and operates solar cell and panel manufacturing facilities located in Malaysia, Mexico, and the Philippines. The company's primary products are the Maxeon line of interdigitated back contact (IBC) solar cells and panels, and the Performance line (formerly, P-Series) of shingled solar cells and panels. the Maxeon line of solar panels are the highest-efficiency solar panels on the market with an aesthetically pleasing design, and the Performance line of solar panels offers a high-value and cost-effective solution. It is targeted at residential and small-scale commercial customers across the globe. The company derives its revenue from the United States, France, Italy, and others.
In light of the recent options history for Maxeon Solar Technologies, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Maxeon Solar Technologies's Current Market Status With a volume of 924,607, the price of MAXN is up 1.82% at $1.65. RSI indicators hint that the underlying stock is currently neutral between overbought and oversold. Next earnings are expected to be released in 56 days. What Analysts Are Saying About Maxeon Solar Technologies
2 market experts have recently issued ratings for this stock, with a consensus target price of $1.5.
An analyst from Roth MKM persists with their Neutral rating on Maxeon Solar Technologies, maintaining a target price of $2. In a cautious move, an analyst from Goldman Sachs downgraded its rating to Sell, setting a price target of $1.
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 Maxeon Solar Technologies options trades with real-time alerts from Benzinga Pro.
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