Financial giants have made a conspicuous bullish move on Sunrun. Our analysis of options history for Sunrun RUN revealed 9 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $496,850, and 5 were calls, valued at $668,427.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $12.5 and $20.0 for Sunrun, spanning the last three months.
Volume & Open Interest Trends
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 $12.5 to $20.0 over the preceding 30 days.
Sunrun Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RUN | CALL | TRADE | BEARISH | 12/19/25 | $12.50 | $515.0K | 139 | 1.0K |
| RUN | PUT | SWEEP | BULLISH | 02/23/24 | $15.00 | $260.1K | 8.0K | 21 |
| RUN | PUT | TRADE | NEUTRAL | 02/23/24 | $15.00 | $128.0K | 8.0K | 1.6K |
| RUN | CALL | SWEEP | BULLISH | 05/17/24 | $20.00 | $60.6K | 9.2K | 2.0K |
| RUN | PUT | TRADE | NEUTRAL | 02/23/24 | $14.50 | $56.2K | 2.8K | 502 |
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.
After a thorough review of the options trading surrounding Sunrun, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Sunrun's Current Market Status
- With a volume of 4,622,633, the price of RUN is down -3.21% at $12.37.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 68 days.
What Analysts Are Saying About Sunrun
4 market experts have recently issued ratings for this stock, with a consensus target price of $21.75.
- An analyst from BMO Capital persists with their Market Perform rating on Sunrun, maintaining a target price of $20.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Sunrun with a target price of $27.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Sunrun, targeting a price of $21.
- An analyst from Oppenheimer persists with their Outperform rating on Sunrun, maintaining a target price of $19.
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.
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