This Is What Whales Are Betting On Bloom Energy

Someone with a lot of money to spend has taken a bullish stance on Bloom Energy BE.

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 BE, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 19 options trades for Bloom Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 63% bullish and 36%, bearish.

Out of all of the options we uncovered, 18 are puts, for a total amount of $1,103,673, and there was 1 call, for a total amount of $62,100.

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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 $10.0 to $19.0 for Bloom Energy 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 Bloom Energy'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 Bloom Energy's whale trades within a strike price range from $10.0 to $19.0 in the last 30 days.

Bloom Energy Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Bloom Energy Standing Right Now?

• With a volume of 5,083,415, the price of BE is down -15.07% at $12.91.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 89 days.

What The Experts Say On Bloom Energy:

• Truist Securities has decided to maintain their Hold rating on Bloom Energy, which currently sits at a price target of $20.
• Piper Sandler has decided to maintain their Neutral rating on Bloom Energy, which currently sits at a price target of $22.
• Baird has decided to maintain their Neutral rating on Bloom Energy, which currently sits at a price target of $21.

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