Information Technology

First Solar Inc (FSLR) options and signal

Figures as of 28 Sep 2026

FSLR is First Solar Inc, an Information Technology name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	74 of 100	28 Sep
At the money IV	55.0%	28 Sep
Priced move to 30 Oct	15.9% down, 16.5% up	28 Sep
Call wall and put wall	220 and 180	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	172.97	28 Sep
Next report	29 Oct 2026	28 Sep

Options Snapshot

FSLR's IV rank is 74 of 100 on 28 Sep 2026.

Figure	Value
IV rank	74 of 100
At the money IV	55.0%, near month, 32 days
Put/call ratio, open interest	1.19
Call open interest, strikes captured near the price	122,000 contracts
Put open interest, strikes captured near the price	145,000 contracts
Cost to trade at the money	Fair, 27.5% of the option's mid price

IV rank is where the at the money IV sits among FSLR's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, FSLR options priced a move of 15.9 percent down and 16.5 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.0%	5.2%	164.38 to 181.91
9 Oct 2026	11	11.2%	9.0%	153.67 to 188.57
23 Oct 2026	25	12.9%	14.3%	150.67 to 197.77
30 Oct 2026	32	15.9%	16.5%	145.47 to 201.57
20 Nov 2026	53	21.9%	22.7%	135.17 to 212.17
18 Dec 2026	81	25.3%	27.8%	129.17 to 221.07
19 Mar 2027	172	35.0%	39.1%	112.47 to 240.57

The range is one standard deviation either side of the close of 172.97, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, FSLR's call wall is the 220 strike and its put wall is the 180 strike.

Figure	Value
Call wall, most open call gamma	220
Put wall, most open put gamma	180
Net dollar gamma, calls minus puts	minus $16.33 million
Total dollar gamma, both sides	$49.32 million
Close	172.97

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 2 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, FSLR's at the money IV is 55.0 percent against 20 day realized volatility of 60.7 percent.

Figure	Value
At the money IV	55.0%
Realized volatility, 20 trading days	60.7%
Realized volatility, 60 trading days	52.1%
IV against its own weekly record	In the middle
Weekly readings on record	865, from 8 Jan 2010
Weeks the price moved more than the one week priced move	27.0% of 252 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, FSLR's at the money IV runs from 48.9 percent at 4 days to 54.4 percent at 172 days.

Days to expiry	At the money IV
4	48.9%
11	58.1%
18	48.8%
25	52.9%
39	59.6%
53	58.0%
81	56.4%
172	54.4%

Far expiries price more volatility than near ones, an upward sloping term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, FSLR's IV ten percent below the price sits 0.6 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	54.4%	-0.6 points
At the money	55.0%	0.0 points
10% above the price	56.8%	+1.7 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, FSLR's surface spans 10 expiries out to 172 days, with IV from 48.2 to 59.9 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	71
Lowest IV among them	48.2%
Highest IV among them	59.9%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, FSLR has 10 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	48.9%	4,104	3,904
9 Oct 2026	11	58.1%	1,438	1,951
16 Oct 2026	18	48.8%	7,150	8,732
23 Oct 2026	25	52.9%	792	1,965
30 Oct 2026	32	55.0%	1,403	792
6 Nov 2026	39	59.6%	449	314
20 Nov 2026	53	58.0%	8,278	8,932
18 Dec 2026	81	56.4%	30,195	20,416
15 Jan 2027	109	55.0%	55,108	89,799
19 Mar 2027	172	54.4%	13,579	8,269

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, FSLR's largest open interest sits at the 180 strike, with 15,716 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
180	2,610	13,106	15,716
220	11,046	4,148	15,194
250	11,790	3,239	15,029
150	2,021	11,909	13,930
190	2,400	9,714	12,114
140	494	11,209	11,703

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, FSLR's at the money IV moved from 51.8 percent to 55.0 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	51.8%	55.0%	+3.3 points
Open interest, strikes captured near the price	273,402	267,570	-5,832
Put/call ratio, open interest	1.09	1.18	+0.09

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 24,882 FSLR option contracts traded, 0.6 times its own recent average.

Figure	Value
Calls traded	14,190
Puts traded	10,692
Against its recent average	0.6 times
Busier than	6 of its last 20 trading days
Open interest, whole chain	378,734 contracts
Volume to open interest	0.07
Unusual volume flag	Yes, 5 contracts traded well above open interest
Largest flagged contract	The 185 call expiring 2 Oct, 461 traded against 229 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of FSLR's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	240.91	$15.5 million	250	250
21 Sep 2026	199.84	minus $7.52 million	220	180
28 Sep 2026	172.97	minus $16.33 million	220	180

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of FSLR was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	189.40, the swing high of 16 Sep 2026
Level below the close	170.80, the swing low of 24 Sep 2026, a close past it runs against the view
The chart	Sits against the view
Strategy family	Cash-secured put (sell a put below the price)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 FSLR sat at the 87th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	77 of 100	Neutral
20 trading days	97 of 100	Bullish
45 trading days	87 of 100	Bullish

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026, 2 of 3 timeframes put FSLR on the bullish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	1 of 2
Long	45 day	Bullish	1 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 FSLR had carried no signal for 1 trading day, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	87 of 100
24 Sep 2026	Bullish	96 of 100
23 Sep 2026	None	84 of 100
22 Sep 2026	None	57 of 100
21 Sep 2026	None	94 of 100
18 Sep 2026	None	85 of 100
17 Sep 2026	None	94 of 100
16 Sep 2026	None	65 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Signal History in RingMaster The Signal History guide

Sector Split

On 25 Sep 2026, 80 of 187 Information Technology names were bullish and 61 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Information Technology	187	80	61	46

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

FSLR closed at 172.97 on 28 Sep 2026.

Figure	Value
Last close	172.97
Change over 5 trading days	-13.4%
Change over 21 trading days	-17.7%
Change over 63 trading days	-25.7%
Change over 252 trading days	-22.5%
52 week high	320.95
52 week low	170.80
20 day moving average	198.08
50 day moving average	210.06
200 day moving average	225.97
RSI, 14 days	33

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

FSLR reports next on 29 Oct 2026, a date worked out from past quarters.

Figure	Value
Next report	29 Oct 2026, after the close
Date	Worked out from past quarters
Move after the report of 30 Jul 2026	+2.4%
Move after the report of 30 Apr 2026	+4.9%
Move after the report of 28 Jan 2026	-10.2%
Move after the report of 29 Apr 2025	-8.3%

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Short Volume

On 25 Sep 2026, 65.8 percent of FSLR's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	65.8%
Five day average	64.3%
52 week median	58.4%
Short interest, share of shares outstanding	9.8% at the 15 Sep 2026 settlement
Days to cover	5.3

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 19 Septembers on record, FSLR's average change was minus 1.1 percent, and it rose in 52.6 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-1.1%	+1.6%	52.6%	19
October	+3.8%	+2.5%	52.6%	19
November	+3.2%	+2.5%	57.9%	19

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 2 headlines naming FSLR in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	2
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is FSLR's IV rank?: FSLR's IV rank is 74 of 100 on 28 Sep 2026.
What move are FSLR options pricing?: On 28 Sep 2026, FSLR options priced a move of 15.9 percent down and 16.5 percent up by 30 Oct 2026.
Where are FSLR's call wall and put wall?: On 28 Sep 2026, FSLR's call wall is the 220 strike and its put wall is the 180 strike.
What was the desk's latest view of FSLR on the Free plan?: On 25 Sep 2026 the desk's view of FSLR was bullish, paper trading.
When does FSLR report earnings next?: FSLR reports next on 29 Oct 2026, a date worked out from past quarters.

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