Skip to main content

Market Overview

This Is What Whales Are Betting On Sunrun

Share:
This Is What Whales Are Betting On Sunrun

Someone with a lot of money to spend (and possibly insider knowledge) has taken a bullish stance on Sunrun (NASDAQ:RUN).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 36 uncommon options trades for Sunrun.

This isn't normal.

The overall sentiment of these big-money traders is split between 58.33% bullish and 41.67%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $333,985, and 32 are calls, for a total amount of $2,923,337.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $70.0 for Sunrun over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Sunrun options trades today is 5187.56 with a total volume of 36,042.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Sunrun's big money trades within a strike price range of $45.0 to $70.0 over the last 30 days.

Sunrun Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
RUN CALL TRADE BEARISH 12/17/21 $45.00 $308.4K 37 601
RUN CALL SWEEP BULLISH 01/21/22 $45.00 $306.8K 4.4K 940
RUN PUT SWEEP BEARISH 11/19/21 $55.00 $179.7K 1.3K 5.7K
RUN CALL SWEEP BULLISH 01/21/22 $45.00 $160.0K 4.4K 638
RUN CALL SWEEP BULLISH 01/21/22 $45.00 $160.0K 4.4K 300

Where Is Sunrun Standing Right Now?

  • With a volume of 3,163,939, the price of RUN is up 3.19% at $59.52.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 3 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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

 

Related Articles (RUN)

View Comments and Join the Discussion!

Posted-In: BZI-UOAOptions Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com