Financial giants have made a conspicuous bullish move on Sunnova Energy Intl. Our analysis of options history for Sunnova Energy Intl NOVA revealed 8 unusual trades.
Delving into the details, we found 62% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $606,200, and 4 were calls, valued at $178,671.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $7.0 to $22.5 for Sunnova Energy Intl over the last 3 months.
Analyzing Volume & Open Interest
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 Sunnova Energy Intl'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 Sunnova Energy Intl's whale activity within a strike price range from $7.0 to $22.5 in the last 30 days.
Sunnova Energy Intl Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NOVA | PUT | SWEEP | BULLISH | 01/17/25 | $10.00 | $371.0K | 2.4K | 1.0K |
| NOVA | PUT | SWEEP | BULLISH | 03/15/24 | $15.00 | $145.0K | 37 | 17 |
| NOVA | CALL | SWEEP | BULLISH | 01/17/25 | $22.50 | $100.5K | 1.2K | 1.0K |
| NOVA | PUT | SWEEP | BULLISH | 03/15/24 | $7.00 | $60.2K | 3.0K | 2.0K |
| NOVA | PUT | TRADE | BULLISH | 03/15/24 | $7.00 | $30.0K | 3.0K | 2.0K |
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.
Having examined the options trading patterns of Sunnova Energy Intl, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Sunnova Energy Intl
- Trading volume stands at 10,508,572, with NOVA's price down by -1.71%, positioned at $11.49.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 62 days.
What Analysts Are Saying About Sunnova Energy Intl
1 market experts have recently issued ratings for this stock, with a consensus target price of $21.0.
- An analyst from B. Riley Securities has decided to maintain their Buy rating on Sunnova Energy Intl, which currently sits at a price target of $21.
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 Sunnova Energy Intl options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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