Core Insights - First Solar (FSLR) has experienced a significant increase of over 55% year-to-date, reaching a 12-month high of $281.55 on November 5, despite political challenges [1] - The stock is currently showing a quantitative signal that may attract contrarian traders, indicating potential for further gains [1] Stock Performance - FSLR's recent peak coincides with historically low implied volatility (IV), which has historically been a bullish indicator for the stock [2] - The current Schaeffer's Volatility Index (SVI) for FSLR is 49%, placing it in the 18th percentile of its 12-month range, suggesting a favorable trading environment [2] Historical Trends - Data indicates that FSLR was higher a month later 50% of the time, with an average return of 6.3% during that period [3] - A similar upward movement from the current price of $274.43 could push FSLR above $290 for the first time since June 2024 [3] Short Interest and Trading Dynamics - Short interest in FSLR has increased by 10.4% in the last two reporting periods, with 9.28 million shares sold short, accounting for 9.2% of the stock's total float [4] - At the current trading pace, it would take shorts more than four trading days to cover their positions, indicating potential buying power that could support the stock's price [4] Options Market Sentiment - There is a growing popularity of short-term puts in the options market, with FSLR's Schaeffer's put/call open interest ratio (SOIR) at 1.43, placing it in the 100th percentile of its annual range, reflecting unusually high bearish sentiment [5]