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.
Investors with a lot of money to spend have taken a bullish stance on Sunrun (NASDAQ:RUN).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RUN, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for Sunrun.
This isn't normal.
The overall sentiment of these big-money traders is split between 77% bullish and 22%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $297,149, and 5 are calls, for a total amount of $208,821.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $5.0 to $15.0 for Sunrun during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Sunrun's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Sunrun's whale activity within a strike price range from $5.0 to $15.0 in the last 30 days.
Sunrun 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RUN | PUT | SWEEP | BULLISH | 08/16/24 | $4.0 | $3.9 | $3.9 | $13.00 | $117.0K | 1.4K | 0 |
| RUN | PUT | SWEEP | BEARISH | 01/17/25 | $0.7 | $0.46 | $0.69 | $5.00 | $103.8K | 7.6K | 0 |
| RUN | CALL | SWEEP | BULLISH | 05/17/24 | $1.07 | $1.04 | $1.04 | $11.00 | $83.2K | 5.3K | 0 |
| RUN | CALL | SWEEP | BULLISH | 12/19/25 | $3.55 | $3.3 | $3.55 | $15.00 | $43.3K | 353 | 1 |
| RUN | PUT | SWEEP | BEARISH | 05/03/24 | $2.08 | $2.04 | $2.08 | $12.00 | $41.6K | 15 | 5 |
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.
Following our analysis of the options activities associated with Sunrun, we pivot to a closer look at the company's own performance.
Present Market Standing of Sunrun
- Currently trading with a volume of 8,877,957, the RUN's price is down by -3.6%, now at $10.3.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 22 days.
Professional Analyst Ratings for Sunrun
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $25.0.
- An analyst from Susquehanna persists with their Positive rating on Sunrun, maintaining a target price of $25.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Sunrun with Benzinga Pro for real-time alerts.
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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