Decoding Suncor Energy's Options Activity: What's the Big Picture?

Whales with a lot of money to spend have taken a noticeably bullish stance on Suncor Energy.

Looking at options history for Suncor Energy SU we detected 20 trades.

If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 45% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $148,580 and 17, calls, for a total amount of $1,236,414.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $45.0 for Suncor Energy, spanning the last three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Suncor Energy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Suncor Energy's substantial trades, within a strike price spectrum from $30.0 to $45.0 over the preceding 30 days.

Suncor Energy Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil production, petroleum refining in Canada and the U.S., and the company's Petro-Canada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, and renewable fuels. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. The company's operating segments include Oil Sands, Exploration and Production, and Refining and Marketing. Geographically, the company generates a majority of its revenue from Canada.

Having examined the options trading patterns of Suncor Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Suncor Energy Standing Right Now?

• With a volume of 1,189,774, the price of SU is up 0.31% at $36.0.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 42 days.

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 Suncor Energy, Benzinga Pro gives you real-time options trades alerts.