Investors with a lot of money to spend have taken a bullish stance on Bloom Energy BE.
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 BE, 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 8 uncommon options trades for Bloom Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $314,146, and 5 are calls, for a total amount of $316,606.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $9.0 to $18.0 for Bloom Energy during the past quarter.
Insights into 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 Bloom 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 Bloom Energy's substantial trades, within a strike price spectrum from $9.0 to $18.0 over the preceding 30 days.
Bloom Energy Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BE | PUT | SWEEP | BEARISH | 06/21/24 | $2.8 | $2.7 | $2.8 | $13.00 | $168.0K | 1.5K | 0 |
| BE | CALL | SWEEP | BULLISH | 01/17/25 | $1.15 | $1.1 | $1.15 | $18.00 | $115.0K | 3.0K | 1.0K |
| BE | PUT | SWEEP | BEARISH | 11/15/24 | $2.3 | $2.25 | $2.3 | $11.00 | $83.0K | 0 | 361 |
| BE | CALL | SWEEP | BEARISH | 11/15/24 | $3.9 | $3.8 | $3.8 | $9.00 | $69.5K | 72 | 0 |
| BE | CALL | SWEEP | BULLISH | 12/20/24 | $2.5 | $2.45 | $2.45 | $12.00 | $65.1K | 10 | 266 |
About Bloom Energy
Bloom Energy designs, manufactures, sells, and installs solid-oxide fuel cell systems ("Energy Servers") for on-site power generation. Bloom Energy Servers are fuel-flexible and can use natural gas, biogas, and hydrogen to create 24/7 electricity for stationary applications. In 2021, the company announced plans to leverage its technology and enter the electrolyzer market. Bloom primarily sells its systems in the United States and South Korea.
Following our analysis of the options activities associated with Bloom Energy, we pivot to a closer look at the company's own performance.
Where Is Bloom Energy Standing Right Now?
- With a volume of 3,705,306, the price of BE is down -0.53% at $11.36.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 26 days.
Professional Analyst Ratings for Bloom Energy
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $19.666666666666668.
- An analyst from Evercore ISI Group has revised its rating downward to Outperform, adjusting the price target to $21.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Bloom Energy, targeting a price of $22.
- Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Bloom Energy, targeting a price of $16.
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 Bloom Energy with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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