Sunrun's Options Frenzy: What You Need to Know

Investors with a lot of money to spend have taken a bullish stance on Sunrun RUN.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RUN, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 8 uncommon options trades for Sunrun.

This isn't normal.

The overall sentiment of these big-money traders is split between 62% bullish and 37%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $447,895, and 6 are calls, for a total amount of $869,007.

Latest Startup Investment Opportunities:

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.0 to $16.0 for Sunrun over the recent three months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $12.0 to $16.0 in the last 30 days.

Sunrun Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

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.

Present Market Standing of Sunrun

• With a trading volume of 1,116,486, the price of RUN is down by -3.59%, reaching $13.7.
• Current RSI values indicate that the stock is may be oversold.
• Next earnings report is scheduled for 35 days from now.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Sunrun with Benzinga Pro for real-time alerts.