27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Financial giants have made a conspicuous bullish move on Sunrun. Our analysis of options history for Sunrun (NASDAQ:RUN) revealed 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $209,993, and 7 were calls, valued at $441,987.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $7.5 to $16.0 for Sunrun during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Sunrun options trades today is 1863.55 with a total volume of 11,689.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Sunrun's big money trades within a strike price range of $7.5 to $16.0 over the last 30 days.
Sunrun 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RUN | CALL | TRADE | BULLISH | 08/16/24 | $1.4 | $1.38 | $1.4 | $16.00 | $181.9K | 1.3K | 1.3K |
| RUN | CALL | SWEEP | BULLISH | 04/26/24 | $1.1 | $0.61 | $0.62 | $13.50 | $98.8K | 1.0K | 1.8K |
| RUN | PUT | SWEEP | BEARISH | 08/16/24 | $4.75 | $4.65 | $4.75 | $15.00 | $76.0K | 488 | 50 |
| RUN | PUT | SWEEP | BEARISH | 04/26/24 | $1.39 | $1.36 | $1.36 | $12.50 | $60.8K | 46 | 153 |
| RUN | CALL | SWEEP | NEUTRAL | 04/26/24 | $0.94 | $0.93 | $0.94 | $12.50 | $40.9K | 181 | 467 |
About Sunrun
Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company acquires customers directly and through relationships with various solar and strategic partners. The solar systems are constructed either by Sunrun or by Sunrun's partners and are owned by the company. Sunrun's customers typically enter into 20- to 25-year agreements to utilize its solar energy system. The company also sells solar energy systems and products, such as panels and racking, and solar leads generated to customers.
After a thorough review of the options trading surrounding Sunrun, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Sunrun
- Trading volume stands at 4,811,750, with RUN's price down by -1.19%, positioned at $11.58.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 28 days.
What Analysts Are Saying About Sunrun
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $15.0.
- An analyst from RBC Capital has decided to maintain their Outperform rating on Sunrun, which currently sits at a price target of $15.
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 Sunrun options trades with real-time alerts from Benzinga Pro.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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