Sunrun Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on Sunrun 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 13 uncommon options trades for Sunrun.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 69%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $156,734, and 9 are calls, for a total amount of $437,792.

Get Started

Start Futures Trading Fast — with a $200 Bonus

Join Plus500 today and get up to $200 to start trading real futures. Practice with free paper trading, then jump into live markets with lightning-fast execution, low commissions, and full regulatory protection.

Get Started

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 $22.5 to $40.0 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 3811.88 with a total volume of 21,091.00.

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 $22.5 to $40.0 over the last 30 days.

Sunrun Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Sunrun Standing Right Now?

• With a volume of 12,105,206, the price of RUN is up 8.63% at $29.09.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 59 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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.