Deep-pocketed investors have adopted a bullish approach towards Suncor Energy SU, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SU usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Suncor Energy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 75% leaning bullish and 12% bearish. Among these notable options, 4 are puts, totaling $176,950, and 4 are calls, amounting to $308,856.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $44.0 for Suncor Energy over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Suncor Energy options trades today is 806.71 with a total volume of 3,243.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Suncor Energy's big money trades within a strike price range of $15.0 to $44.0 over the last 30 days.
Suncor Energy Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SU | CALL | SWEEP | BEARISH | 01/17/25 | $10.75 | $10.65 | $10.65 | $30.00 | $165.1K | 288 | 175 |
| SU | CALL | TRADE | BULLISH | 01/17/25 | $24.95 | $24.25 | $24.95 | $15.00 | $74.8K | 138 | 30 |
| SU | PUT | SWEEP | BULLISH | 03/21/25 | $3.65 | $3.55 | $3.55 | $43.00 | $56.8K | 87 | 191 |
| SU | PUT | TRADE | BULLISH | 02/21/25 | $0.81 | $0.77 | $0.78 | $39.00 | $46.8K | 1.6K | 1.2K |
| SU | PUT | SWEEP | BULLISH | 02/21/25 | $0.79 | $0.75 | $0.75 | $39.00 | $45.0K | 1.6K | 605 |
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.
Having examined the options trading patterns of Suncor Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Suncor Energy
- With a volume of 3,916,881, the price of SU is up 1.74% at $40.06.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 37 days.
Professional Analyst Ratings for Suncor Energy
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $66.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. 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 downgraded its action to Outperform with a price target of $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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