Eos Energy Enterprises Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on Eos Energy Enterprises EOSE.

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 EOSE, 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 21 uncommon options trades for Eos Energy Enterprises.

This isn't normal.

The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $172,190, and 17 are calls, for a total amount of $1,062,900.

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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 $2.5 to $7.5 for Eos Energy Enterprises over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Eos Energy Enterprises options trades today is 23314.12 with a total volume of 67,267.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Eos Energy Enterprises's big money trades within a strike price range of $2.5 to $7.5 over the last 30 days.

Eos Energy Enterprises Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Eos Energy Enterprises Standing Right Now?

• With a volume of 15,339,359, the price of EOSE is down -11.97% at $4.34.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 32 days.

What The Experts Say On Eos Energy Enterprises:

• EF Hutton has decided to maintain their Buy rating on Eos Energy Enterprises, which currently sits at a price target of $4.
• TD Cowen downgraded its action to Market Perform with a price target of $2
• B. Riley Securities downgraded its action to Neutral with a price target of $4

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