Unpacking the Latest Options Trading Trends in Sunrun

Investors with a lot of money to spend have taken a bullish stance on Sunrun RUN.

And retail traders should know.

We noticed this today when the positions 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.

Today, Benzinga's options scanner spotted 9 options trades for Sunrun.

This isn't normal.

The overall sentiment of these big-money traders is split between 88% bullish and 11%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $52,933, and 8, calls, for a total amount of $365,351.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $9.0 and $15.0 for Sunrun, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Sunrun stands at 4125.43, with a total volume reaching 2,732.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Sunrun, situated within the strike price corridor from $9.0 to $15.0, throughout the last 30 days.

Sunrun 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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.

Present Market Standing of Sunrun

• With a trading volume of 4,216,930, the price of RUN is up by 8.62%, reaching $12.47.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 41 days from now.

What Analysts Are Saying About Sunrun

In the last month, 5 experts released ratings on this stock with an average target price of $19.2.

• An analyst from Truist Securities has revised its rating downward to Hold, adjusting the price target to $14.
• Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Sunrun with a target price of $15.
• An analyst from Oppenheimer persists with their Outperform rating on Sunrun, maintaining a target price of $19.
• An analyst from Goldman Sachs has decided to maintain their Buy rating on Sunrun, which currently sits at a price target of $21.
• Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Sunrun, targeting a price of $27.

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.