Decoding Sunrun's Options Activity: What's the Big Picture?

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 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 13 uncommon options trades for Sunrun.

This isn't normal.

The overall sentiment of these big-money traders is split between 61% bullish and 38%, bearish.

Out of all of the special options we uncovered, 9 are puts, for a total amount of $338,617, and 4 are calls, for a total amount of $1,136,388.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $15.0 for Sunrun over the last 3 months.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $10.0 to $15.0 in the last 30 days.

Sunrun 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

In light of the recent options history for Sunrun, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Sunrun Standing Right Now?

• Trading volume stands at 6,955,404, with RUN's price down by -0.77%, positioned at $11.67.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 40 days.

What Analysts Are Saying About Sunrun

In the last month, 5 experts released ratings on this stock with an average target price of $19.0.

• An analyst from BMO Capital persists with their Market Perform rating on Sunrun, maintaining a target price of $20.
• Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Sunrun with a target price of $27.
• An analyst from Truist Securities downgraded its action to Hold with a price target of $14.
• An analyst from RBC Capital has decided to maintain their Outperform rating on Sunrun, which currently sits at a price target of $15.
• An analyst from Oppenheimer has decided to maintain their Outperform rating on Sunrun, which currently sits at a price target of $19.

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.