Sunrun Unusual Options Activity

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A whale with a lot of money to spend has taken a noticeably bearish stance on Sunrun.

Looking at options history for Sunrun RUN we detected 14 strange trades.

If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $1,063,590 and 6, calls, for a total amount of $298,420.

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 $15.0 to $25.0 for Sunrun over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Sunrun's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Sunrun's whale trades within a strike price range from $15.0 to $25.0 in 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 PUT TRADE NEUTRAL 06/21/24 $20.00 $798.0K 0 1.4K
RUN CALL SWEEP BEARISH 01/17/25 $20.00 $67.1K 383 0
RUN CALL SWEEP BEARISH 06/16/23 $17.50 $61.0K 750 235
RUN CALL SWEEP BEARISH 01/17/25 $22.50 $55.6K 366 83
RUN CALL SWEEP BEARISH 01/17/25 $25.00 $51.8K 539 5

Where Is Sunrun Standing Right Now?

  • With a volume of 3,173,097, the price of RUN is up 4.99% at $19.79.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 33 days.

What The Experts Say On Sunrun:

  • RBC Capital has decided to maintain their Outperform rating on Sunrun, which currently sits at a price target of $34.
  • Citigroup downgraded its action to Neutral with a price target of $27
  • Scotiabank downgraded its action to Sector Outperform with a price target of $40
  • Goldman Sachs has decided to maintain their Buy rating on Sunrun, which currently sits at a price target of $27.

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

Market News and Data brought to you by Benzinga APIs
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment

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