Sunrun Unusual Options Activity

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 16 strange trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.

From the overall spotted trades, 11 are puts, for a total amount of $1,138,942 and 5, calls, for a total amount of $187,995.

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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 $7.5 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 $7.5 to $25.0 in 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 8,604,035, the price of RUN is up 1.94% at $17.24.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 89 days.

What The Experts Say On Sunrun:

• Deutsche Bank has decided to maintain their Buy rating on Sunrun, which currently sits at a price target of $26.
• Deutsche Bank has decided to maintain their Buy rating on Sunrun, which currently sits at a price target of $27.
• Citigroup has decided to maintain their Neutral rating on Sunrun, which currently sits at a price target of $25.
• Barclays has decided to maintain their Equal-Weight rating on Sunrun, which currently sits at a price target of $31.
• Capital One downgraded its action to Overweight with a price target of $32

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.