This Is What Whales Are Betting On Sunrun

Financial giants have made a conspicuous bullish move on Sunrun. Our analysis of options history for Sunrun RUN revealed 15 unusual trades.

Delving into the details, we found 53% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $611,163, and 4 were calls, valued at $218,556.

Latest Startup Investment Opportunities:

Projected Price Targets

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 $20.0 for Sunrun over the last 3 months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Sunrun's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Sunrun's substantial trades, within a strike price spectrum from $15.0 to $20.0 over the preceding 30 days.

Sunrun Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Sunrun

Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company acquires customers directly and through relationships with various solar and strategic partners. The solar systems are constructed either by Sunrun or by Sunrun's partners and are owned by the company. Sunrun's customers typically enter into 20- to 25-year agreements to utilize its solar energy system. The company also sells solar energy systems and products, such as panels and racking, and solar leads generated to customers.

Sunrun's Current Market Status

• Currently trading with a volume of 9,608,109, the RUN's price is down by -1.3%, now at $18.2.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 48 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 Sunrun, Benzinga Pro gives you real-time options trades alerts.