Whales with a lot of money to spend have taken a noticeably bearish stance on Suncor Energy.
Looking at options history for Suncor Energy SU we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 10% of the investors opened trades with bullish expectations and 90% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $198,000 and 6, calls, for a total amount of $537,638.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $42.0 for Suncor Energy over the recent three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Suncor Energy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Suncor Energy's substantial trades, within a strike price spectrum from $15.0 to $42.0 over the preceding 30 days.
Suncor Energy Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SU | CALL | TRADE | BEARISH | 01/17/25 | $27.1 | $22.5 | $22.5 | $15.00 | $227.2K | 255 | 101 |
| SU | CALL | SWEEP | BEARISH | 01/17/25 | $23.85 | $22.6 | $22.65 | $15.00 | $115.5K | 255 | 203 |
| SU | CALL | SWEEP | BEARISH | 06/20/25 | $5.05 | $4.9 | $4.91 | $35.00 | $98.4K | 765 | 201 |
| SU | PUT | TRADE | BEARISH | 02/21/25 | $3.6 | $3.55 | $3.6 | $42.00 | $54.0K | 0 | 2.4K |
| SU | PUT | TRADE | BEARISH | 02/21/25 | $3.6 | $3.55 | $3.6 | $42.00 | $54.0K | 0 | 2.4K |
About Suncor Energy
Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil production, petroleum refining in Canada and the U.S., and the company's Petro-Canada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, and renewable fuels. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. The company's operating segments include Oil Sands, Exploration and Production, and Refining and Marketing. Geographically, the company generates a majority of its revenue from Canada.
After a thorough review of the options trading surrounding Suncor Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Suncor Energy
- Trading volume stands at 3,488,834, with SU's price up by 3.72%, positioned at $38.34.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 43 days.
What The Experts Say On Suncor Energy
2 market experts have recently issued ratings for this stock, with a consensus target price of $66.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $66. * An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $66.
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 Suncor Energy with Benzinga Pro for real-time alerts.
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