Investors with a lot of money to spend have taken a bullish stance on Sunnova Energy Intl NOVA.
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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with NOVA, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Sunnova Energy Intl.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 44%, bearish.
Out of all of the options we uncovered, 8 are puts, for a total amount of $471,964, and there was 1 call, for a total amount of $81,360.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $9.0 to $10.0 for Sunnova Energy Intl over the last 3 months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Sunnova Energy Intl's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Sunnova Energy Intl's significant trades, within a strike price range of $9.0 to $10.0, over the past month.
Sunnova Energy Intl 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NOVA | PUT | SWEEP | BEARISH | 12/19/25 | $10.00 | $125.1K | 1.1K | 715 |
| NOVA | PUT | SWEEP | BEARISH | 12/19/25 | $10.00 | $83.2K | 1.1K | 252 |
| NOVA | CALL | SWEEP | BULLISH | 02/16/24 | $10.00 | $81.3K | 10.5K | 959 |
| NOVA | PUT | SWEEP | BULLISH | 02/16/24 | $9.00 | $74.6K | 6.2K | 5.2K |
| NOVA | PUT | SWEEP | BEARISH | 12/19/25 | $10.00 | $57.6K | 1.1K | 843 |
About Sunnova Energy Intl
Sunnova Energy International Inc is a residential solar and energy storage service provider company. It offers services such as operations and maintenance, monitoring, repairs and replacements, equipment upgrades and onsite power optimization. The products and services offered by the group include Add-on battery storage, Home solar protection plans, New solar battery storage, and various other solar systems.
Following our analysis of the options activities associated with Sunnova Energy Intl, we pivot to a closer look at the company's own performance.
Where Is Sunnova Energy Intl Standing Right Now?
- Currently trading with a volume of 2,829,862, the NOVA's price is down by -4.63%, now at $10.3.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 19 days.
What The Experts Say On Sunnova Energy Intl
In the last month, 1 experts released ratings on this stock with an average target price of $18.0.
- An analyst from Truist Securities upgraded its action to Buy with a price target of $18.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Sunnova Energy Intl, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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