Sunrun Unusual Options Activity For April 09

Investors with a lot of money to spend have taken a bearish 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 44% bullish and 55%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $25,440, and 8, calls, for a total amount of $1,566,113.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $22.5 for Sunrun over the recent three months.

Analyzing 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 Sunrun's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Sunrun's significant trades, within a strike price range of $10.0 to $22.5, over the past month.

Sunrun Call and Put Volume: 30-Day Overview

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.

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

Current Position of Sunrun

• Trading volume stands at 14,238,732, with RUN's price up by 9.01%, positioned at $12.95.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 22 days.

Expert Opinions on Sunrun

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $20.0.

• Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Sunrun, targeting a price of $15.
• An analyst from Susquehanna has decided to maintain their Positive rating on Sunrun, which currently sits at a price target of $25.

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.